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Will metro Denver’s housing market find stability after a year of extreme turbulence?

Lower and slower conditions ahead, with price declines likely but no crash

Low clouds hang through the tops ...
Low clouds hang through the tops of the skyscrapers as a spring storm sweeps over the metropolitan area Tuesday, May 21, 2019, in Denver. The spring snowstorm that swept over the region Monday night into Tuesday dropped three to six inches of snow in the metropolitan area but up to a foot or more in the mountains. (David Zalubowski, The Associated Press)
DENVER, CO - NOVEMBER 8:  Aldo Svaldi - Staff portraits at the Denver Post studio.  (Photo by Eric Lutzens/The Denver Post)
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After soaring higher and higher through the pandemic, metro Denver homes prices are down 10% from the peak they reached in April. Going into 2023, forecasters disagree on whether the market will stabilize with modest declines or face another 10% to 20% drop in prices.
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