In May, home prices fell slightly from the month before, with a median listing price of $585,000.
The number of listings on the market grew 16.2%, which is typical for this time of the year in Denver, and homes are also selling slower than at the same time last year.
Home prices in Denver
Typically, home price per square foot in Denver tend to rise in May. But the most recent data shows that the price per square foot decreased by 0.8% compared with the month before.
So, how does this compare with the rest of the U.S.? Nationally, home price per square foot increased 0.5%, which means price changes in the Mile High City are lagging behind the national market…