Denver Summer Market Check-In: Mid-2024 Numbers
Halfway through 2024, here's where Denver prices, inventory, and rates actually landed — and what it signals.
We're halfway through 2024. Here's an honest read on where the Denver metro actually sits at midyear.
Prices: flat to slightly up
The metro median has held roughly steady year-over-year — small gains in tight entry-level segments, small softening at the top. "Stable" is the fair word, and after a few volatile years, stable is welcome.
Rates: easing, slowly
The 30-year fixed has drifted down toward the high-6s from the spring's near-7%. Not dramatic, but enough to nudge some buyers off the fence.
Inventory: rising off a low base
Active listings have grown through the spring and early summer. The metro is no longer starved for inventory the way it was in 2021-2022 — but it's still below a balanced market.
What it adds up to
The frenzy is gone and so is the panic. Days on market are healthier, price reductions are common on overpriced homes, and sharp listings still move fast. For the back half of 2024, watch the Fed — a rate cut would change buyer urgency quickly.
Related Articles
Should You Buy First or Sell First?
A Real-Life Example of Why Timing Matters
LoDo, RiNo, and Central Park: The Strange Stories Behind Denver's Neighborhood Names
Ever tried to give someone directions in Denver and realized our neighborhood names sound like a smoothie shop menu? LoDo. RiNo. SloHi. GoHi. RiNo's cousin nobody talks about. Here's the fun part: m…