Saturday, May 12, 2018

Denver Housing Market Resumes Upward Trend after Consolidation

(Click on the image to enlarge)
After a rapid rise in home prices in early-to-mid 2017, Denver market experienced a healthy consolidation for several months, following which the upswing resumed.

In fact, the normalized trend (bottom chart) has already breached the $280/SF resistance, sending strong signals about the resumption of the upward trend, as well as the resilient fundamentals of the underlying market. 

Since the overall trend has been linear during this 14-month period, any good news (e.g., flattening yield curve) could push the curve back into an overdrive mode, with a much steeper slope.  

Note: This analysis covers the City of Denver, not the entire Denver County.

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