Many prospective Denver home buyers are being priced out of the market. Here's the latest.
Banka reveals that homes in the 80013 zip code, which corresponds to the central part of Aurora,"saw inventory up slightly over March numbers. However, the inventory is still down 48 percent compared to the same time in 2021. The median price in 80013 is up 17 percent over 2021, from $455,000 to $535,000. But in March that median price in Aurora was $550,000, which is a $20,000 reduction from the median price last month.
Kelly Moye, a realtor with an expertise in Boulder and Broomfield, has seen a decrease in demand."We have reported over the last eighteen months about a market where listings sell in a matter of days for upwards of 15 to 20 percent over list price, with five to ten offers as a standard, typical occurrence," she say."With extremely low inventory and high demand still ruling our market, it seemed the end was nowhere in sight.
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