Metro Denver is one of the least affordable markets and Colorado one of the least affordable states for those looking to buy a home. Only 6% of the homes sold in the first quarter were affordable to households making the median income.
Builders are making a dent in Colorado's housing shortfall, especially for apartments. But home prices and mortgage rates continue to outpace income gains, and affordability is worsening.
Metro Denver homebuyers had more listings to sort through last month than they did a year ago, but those listings are coming under contract faster and home prices are on the way up again, according to the Denver Metro Association of Realtors.
Metro Denver homebuyers had more listings to sort through last month than they did a year ago, according to a monthly update from the Denver Metro Association of Realtors.