Bubble Has Burst! Metro Denver Median Sales Prices down 6% from June 2018 High!

Denver Home Prices Bubble Has Burst

After predicting these for a year since we have started blogging we are seeing the bubble finally burst before our eyes. Matthew Leprino, a Denver-area Realtor reported, “The median price for a Denver single-family home is now equal to that of March 2017 — $425,000.” In June 2018, we hit the high in terms of median sales prices, which was $451,500. From June 2018 to January 2019 that is an almost 6% decline!