Denver housing market moving towards balance, Trulia reports
A high rise in the Cheesman Park neighborhood. (Kevin J. Beaty/Denverite)
Denver is one of the only few housing markets in the nation that are progressing towards balance, according to a report from Trulia.
Yep, compared to last year, homebuyers are looking for more homes within the prices available. Trulia determined this by looking at searches for homes in a certain price range and comparing them to the number of homes for sale at those prices.
This year, Denver’s only about 20 percentage points away from being balanced. In 2015, the city was more like 25 points away.
That said, homebuyers in Denver still disproportionately search for homes priced below median — 68.8 percent compared to 67.4 percent in 2015.
So what of our fellow citizens in other cities? Houston has the highest mismatched score, 31.2 percent, and the most people searching for homes above the median price. Detroit, on the other hand, was relatively balanced, but had the most people looking for homes above the median listing price.