Denver housing market increases driven by more people trying to buy homes

staff photo
Residential property in Five Points. (Kevin J. Beaty/Denverite)

five points; residential; development; apartments; fugly; construction; kevinjbeaty; colorado; denver; denverite;

Residential property in Five Points. (Kevin J. Beaty/Denverite)

Denver’s housing market is stable and growing, according to Freddie Mac’s Multi-Indicator Market Index.

The growth though, is mostly because of a 9.02 percent increase in the number of home purchase applications relative to the single-family housing over the last three months. That gain puts home purchase applications just slightly above stable, according to the scale.

Naturally, all this means that Denver is among the biggest growing markets nationally. Orlando has the biggest year-over-year gain so far, with 16.85 percent growth, but Denver’s close behind with a 14.02 percent increase.

Also fun for would-be homeowners, Denver is 10.2 percent below its all-time high score on the index, 115 in May 2000.

Hi! You’re like us!

Looks like you’re the type of person who reads to the ends of articles! Well, true believer, you might really like our morning newsletter. It’s quick, free and gets you up to speed on the important and delightful things happening right here in Denver.

Thanks for reading another Denverite story

Does Denverite help you feel more connected to what’s up in your area? Do you want to be a part of it?

Member donations are critical to our continued existence and growth.

You’re our superpower

Denverite supporters have made the decision to financially support local journalism that matters to you. Ready to tell your networks why? Sharing our “About” page with your own personal comments could really help us out.

You’re our superpower

Denverite members have made the decision to financially support local journalism that matters to you. Ready to tell your networks why? Sharing our “About” page with your own personal comments could really help us out.