Metro Denver median home prices finally dropped

After 2 years of growth

BY TAMARA CHUANG THE COLORADO SUN

For the rst time in recent memory, the median price of a house in metro Denver is less than it was a year ago.

And for some who make a living selling houses, there’s a sense of relief.

“Every single month in 2021 and the rst half of 2022, everybody in our (real estate) community went, ‘Oh my goodness. How much more can this go? What will buyers put up with?’ I mean having to pay a penny over the appraised value is just bon- kers to me,” said Matt Leprino, CEO of Denver-based real estate brokerage Remingo.

Now, he said, “It’s calm, it’s a very tepid pool right now. It’s not increasing. It’s not going crazy. Days on market are up. But they’re up from historic lows. e majority of phone calls we get right now are … ‘Can I jump in right now?’”

New data for January from the Colorado Association of Realtors has median home prices attening statewide. Houses are taking twice as long — sometimes three times longer — to sell compared to a year ago. But that’s not very long. In the seven-county metro Denver area,

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