Denver Homes: Zillow Shows Quarterly and Yearly Gains in Value

Again, we’re seeing more real estate reporting entities detailing the improving market for Denver homes. This morning, Zillow released a report detailing both quarterly and yearly gains in the value for Denver homes and they predict that those gains will continue into the next year.

From the Denver Business Journal:

Median home values in Denver increased by 2.3 percent in the second quarter, to $211,300, from the first quarter and by 3.5 percent from a year ago, Seattle-based Zillow reported Tuesday.

Zillow is forecasting Denver home values will increase by 1.6 percent over the next year.

Denver is in better shape than the U.S. housing market as a whole, according to Zillow’s indicators. The median U.S. home value rose 2.1 percent from the first quarter and by 0.2 percent from the second quarter of last year. And Zillow’s forecast for a year out reveals an increase of 1.1 percent.

While Zillow’s numbers can be inaccurate from time to time, this report squares up with all of the other data we have been seeing on both Denver foreclosures and Denver homes.

Inventory continues to shrink and the demand is steadily increasing. Our company is finding it harder and harder to find available homes for our buyers – especially in the Denver foreclosure market. If you are in the market to purchase a home, make sure you are set up on our daily email alerts and our agents are aware of what you’re looking for.

Some of the best deals are only on the market for a day. Many Denver HUD homes go under contract on their first round of bidding and receive several bids.

You can call one of our experts at 303-726-1874.




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