This article first appeared in the PR October 2009
issue of Pro Remodeler.
Population: 2,506,626 (15 percent increase since 2000)
Existing home sales: Q2 2009 sales were down 12 percent from 2008, but up 42.9 percent from Q1
Home prices:
- Down 3.6 percent from 2008
- Down 9.5 percent from August 2006 local peak
- Down 2.7 percent over last 5 years
- Up 35.4 percent over last decade
Homeownership rate: 65.4 percent (No. 47 among major metros)
Median household income: $58,039
Local unemployment rate: 8 percent (up from 5 percent in 2008)
Sources: Metrolist, S&P/Case Shiller Home Price Index, U.S. Bureau of Labor Statistics, U.S. Census Bureau
RELATED LINKS
Denver leads housing market recovery
The Corner Office: Finished Basement Co.
Data and information on the Denver remodeling market