Market Leaders Profile: Denver

Data and information on the Denver remodeling market

September 30, 2009

 

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

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