what are denver homebuyers willing to do in this competitive market?
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Denverites are willing to go further than the average American to secure a home in the city’s competitive housing market, according to a new report.
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metro denver now the fifth least affordable housing market in the country
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Between higher property prices and higher interest rates, housing affordability continues to deteriorate in Colorado this year, leaving Gen Xers as the one age group still able to afford a mid-priced home in Arapahoe and El Paso counties — but not Denver.
Read Moreprices increase 9%, inventory remains historically low in hot denver housing market
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According to the Denver Metro Association of Realtors (DMAR), the average home is staying on the market for just four days. The month of March saw appreciation at a staggering 9 percent, and the average purchase price is now $705,000.
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