With a home valued at $1.8 million, the median price for a two-bedroom condo in Denver is now $1,868,000.
That’s an increase of over 20% since last October.
The city of Denver is the only city in Colorado to record a single-year growth rate of more than 50%.
And it was only this past year that Denver’s median home price surpassed $2 million.
And even that modest increase, while not record-breaking, was a sign that the city is starting to stabilize and that residents are taking notice of the city’s housing market.
That is, despite the fact that, according to a survey by real estate company Knight Frank, only 12% of Denver residents would consider buying a home worth more than $1 million if it came within their reach.
And despite the rising price of homes in the city, many residents say they are willing to spend the extra money on the city as well.
For instance, the city of Seattle, which had a median price of $1 billion, is currently priced at $500 million.
That puts it right in the middle of the pack, according the Knight Frank survey, but it’s not a great deal for renters who may need a place to live.
The number of people living in the Denver metro area has increased by more than 25% since the early 2000s.
But the average home price in Denver has risen by just 4.2% annually, according data compiled by realtor.com.
That means that even as the city has experienced an uptick in its median home value, median home prices have increased by a mere 4.5% annually.
This is because the number of new listings has decreased as the number from people who have homes worth more that $1-million has increased, said Chris Wilson, managing director at Knight Frank.
This means that more and more people are finding it more difficult to afford the prices in the market, which is the result of a housing bubble that has created a market for homes that aren’t affordable, Wilson said.
The real estate industry has responded by offering to sell homes that are currently under contract at below market value for an extra $1 or $2.
That strategy, Wilson added, has made it easier for homeowners to stay in the markets and that has led to lower prices in some areas.
“We know that there are a lot of people who want to stay where they are, but they have to spend more money on things that they don’t need, like their cars,” he said.
“There is a real desire out there for that type of housing.”
In the last year, Denver has been hit hard by a wave of foreclosures and other home-related issues, and as the housing market has calmed down, it is now more affordable to rent than it has been in years.
That has been especially true in some of the priciest neighborhoods in Denver.
For example, the average price of a two bedroom apartment in Denver dropped 5.4% last year.
That makes it more affordable than it was in 2018, when it was $134,000, according Realtor.com, but far below the $1m median price in 2018.
That decline was attributed in part to a drop in foreclosing activity, according Knight Frank’s survey.
That could be the result, in part, of people having to cut back on other spending and in part due to the decrease in home-based purchases.
However, Wilson says that the decrease is not necessarily related to forecloses, but rather, people moving out of their neighborhoods.
He also pointed out that Denver has also seen a large influx of new residents, a trend that he says is helping to stabilize the market.
The average price for new homes in Denver fell 1.7% from January to March, according realtor, which suggests that people are still paying more for a home that they bought before the crisis.
That trend could also be the reason that people continue to move to other parts of the state and around the country, according Wilson.
The decline in home prices may also be a result of the Federal Housing Administration’s (FHA) rules that have forced many of the country’s wealthiest and most connected people to take out loans to help pay for their homes.
That led to the rise in home costs for everyone, including the renters.
As of February, rents were up about 1.6% in Denver, according RentHop.com data.
That may be a reflection of the fact the cost of living in Denver and other large cities around the nation have not changed much since the housing crisis hit, Wilson noted.
As for how the real estate market will respond, it’s unclear what will happen as the country begins to recover from the financial fallout of the financial crisis.
There are still some signs that the housing bubble will be around for a long time.
In a speech at the Brookings Institution in