Denver's May market data tells an interesting story and it's not the one most headlines are leading with.
Home prices in Denver are actually right where they should be historically, tracking at about 6% annual growth since 2017. What's slowing the market isn't price. It's the cost to finance at today's rates, which has added nearly $1,000 to the monthly payment on a median-priced home compared to 2020.
For rental owners, that context matters. Buyers who are priced out of purchasing aren't leaving Denver. They're renting, often for longer than they originally planned.
If you own a rental property in the Denver metro and want to understand how current market conditions affect your specific situation, we're happy to have that conversation!
Reach out anytime at 303-228-7800 or hello@myhavengroup.com
