Denver home prices are still defying gravity.
. But a new survey reveals that both the average and median tags for a detached house in the Denver area have slipped by less than 1 percent from the previous month and remain above their level a year ago.The average cost of a house in the metro area during November was calculated at $732,437, down just 0.58 percent from the adjusted October figure of $736,675. The median price dipped by only a little more: .092 percent, from the tweaked $620,700 in October to $615,000.
The DMAR survey focuses on an eleven-county zone that includes the core Denver metro counties as well as contiguous counties such as Gilpin, Clear Creek, Park and Elbert. Many of the November statistics follow historical trends that tend to kick in during autumn, but haven't always done so over the past couple of years. Take active listings, for example: The 4,572 recorded at month's end declined by 16.02 percent from the previous month but was a stunning 216.
But in both November and December, the average again broke the $700,000 barrier, landing at $704,716 at the end of the year before descending to $688,127 in January 2022. This drop proved short-lived, however: The February 2022 average, adjusted to $738,472, was the highest ever recorded by the DMAR, and March hit $793,836.
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