The housing marketing in Denver is HOT, to say the least. The average price of a single-family home was well over a half a million at $522,000 in March 2018. But is Denver in a “Housing Bubble?” The simple answer is no.
While no one will argue that the Denver Metro housing market is outrageously expensive, it is, like all markets, subject to supply and demand. The market is not overinflated; there is simply more demand than inventory available. We need more houses being built and more sellers to list their homes to match the level of interest from home buyers. Even if the Denver Metro area levels off a bit in the next 4-6 years, with supply meeting demand more effectively, there still will be no “pop” or steep decline.
Watch the video on the right for more on the topic from Atlas Broker, Eddie Reynolds.