Residential Median Home Prices in Denver Metro (by month)

[Kenny Smith]

Great indication that the market is softening slightly with rates increasing. However, still very much a seller's market, but buyer's may finally get a chance to have some say in the game.

January - $524,900
February - $551,600
March - $576,000
April - $600,000
May - $575,000

[Ryan Williams]

I hope so! It's interesting, I looked at houses in the median ($500-600K) with a buyer this weekend, and one home goes for $80K over and another home with similar finishes in a similar neighborhood, priced pretty fairly (maybe overpriced $10K) didn't get any offers. I think rates have made people slow down and really think about what they want to buy, but when multiple buyers love the same home, the bidding wars are still happening!