Denver home prices up but not as much as U.S. average
Jun 4, 2024, 12:04 PM | Updated: Jun 5, 2024, 12:56 pm
Despite mortgage rates being up, home prices across the U.S. are still up. The price increase is attributed to low inventory across the country despite mortgage rates being around 7%.
In the Denver – Aurora – Lakewood area, data shows that home prices in 2023 were up less than the national average at just 4.2%.
Over the last quarter Denver saw home prices still tick upwards at .1% increase, while Colorado Springs saw their home prices drop in the last quarter by 1.7%.
The top 5 U.S. cities with the biggest home price increase in 2023:
- Allentown-Bethlehem-Easton, PA-NJ: 16%
- Charleston-North Charleston, SC: 15.4%
- West Palm Beach-Boca Raton-Boynton Beach, FL: 14%
- Bridgeport-Stamford-Norwalk, CT: 13.7%
- Rochester, NY: 12.9%
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