Zillow issued a report Monday that flagged the Denver area as having suffered the widest-spread losses in home sale price over the past year of any U.S. real estate market. But Colorado real estate agents are calling foul and are saying the devil is in the details.
The Seattle-based online real estate service released new research that shows over half of U.S. households had lost market value since 2024, the highest share of loss since 2012 at the peak of the Great Recession.
Denver, the report said, topped the list for the widest percentage of homes that suffered lost value year-over-year — 90.6%. That was against competing areas such as Austin at 89.5%, Sacramento, 87.5%, Phoenix, 86.9%, Dallas, 86.7%, San Antonio, 86.3%, San Francisco, 83%, and Tampa and Orlando, each 85.2%…