Sounds impressive — until you compare it to the national average.
The U.S. as a whole is up +54.5% over the same period. That’s a 16.5 point gap, and it’s been widening since mid-2022.
Denver led the nation through the pandemic boom, peaked alongside it in early 2022, then diverged. While markets across the Sun Belt and beyond kept climbing, Denver plateaued.
What’s driving it? A combination of affordability constraints, elevated inventory relative to other markets, and a slowdown in the high-income job growth that fueled Denver’s run.
For buyers, this is a relative value story. For sellers, it’s a reminder that Denver’s market has its own dynamics — and pricing to national headlines can be a costly mistake.
đź“Š Data: S&P Case-Shiller via FRED | Analysis: Joe Krajnc
