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Bloomberg analyzes Denver housing market

It's gone from superheated to merely hot as year-over-year gains moderated slightly in 2016.

Excerpt:

The prices have gotten too heated for many buyers in Denver, which has seen a slowdown since the beginning of the year, said Wade Perry, a managing broker at Coldwell Banker Devonshire in the area.

"Buyers are starting to push back and say, 'I'm not going to pay that much for that house,'" Perry said.
 
The median home value in Denver rose 10 percent in August from a year earlier to $353,300, according to Zillow. While that's still one of the top increases in the country, it's down from an almost 16 percent surge in the same period of 2015.

Read the rest here.

Read more articles by Eric Peterson.

Eric is a Denver-based tech writer and guidebook wiz. Contact him here.
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