In What is going on? news, the latest numbers for Denver show that the average cost of a detached, single-family home is now over $600.000.
I m not trying to say that $500,000 for a detached, single-family home sounds about right, but for the cost of that house to increase by $100,000 from February 2020 to February 2021, seems crazy. To me.
Westword has the story on how the Denver Metro Association of Realtors released the data on February 3, 2021, in their Denver Metro Real Estate Market Trends Report showing that, yes, a house in Denver now averages at $629,000.
That turns out to be a mortgage payment of about $3,000 per month.