Metro Denver: 5th Highest Gain in Home Value in the U.S.

by | Dec 23, 2014 | Blog, Denver Real Estate Market

Home For Sale Sign by MarkMoz12, on Flickr
Creative Commons Creative Commons Attribution 2.0 Generic License   by  MarkMoz12 

Zillow released a report last week that saw homes in metro Denver with a $26 billion gain in total value in November compared to the prior year’s November totals. It’s an increase of 9.5% and is the fifth highest increase in the U.S., with other top contenders being Houston, Atlanta, San Jose, and Austin.

These numbers confirm what brokers in our office have been seeing – low inventory of homes for sale and high demand for housing, which has driven up home prices and caused bidding wars on the houses that are available. Zillow estimates that at the end of 2014, the cumulative value of homes in metro Denver will be $302 billion. We’ve seen statistics throughout the year that have hinted toward this.

It’s also no surprise that we are ranked in the top five areas in the U.S. for home values. We’ve written on our blog before about how we are one of the top real estate markets in the country, and study after study confirms this. We look forward to more year-end reporting that delves further into the healthy Denver real estate market.

Check back on our blog for more information as it is released, and read more about how we analyzed these trends earlier in the year.

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