Home Values Dipped. Should You Be Concerned?

From 2011-2022, Colorado homeowners’ equity trajectory had gone one direction – up! But the near G-force of our interest rate’s rapid climb in the second half of 2022 stalled our market. And we felt the impact throughout last year as many Coloradans’ homes only slightly grew or depreciated:

Colorado Homes Median Sold Price
2024 Single-family Home: $580,000
2023 Single-family Home: $565,000
(+2.7% price change)

2024 Attached Home: $422,500
2023 Attached Home: $425,000
(-0.6% price change)

Naturally, 2025 started with much uncertainty about our Front Range market. But even with our economic fluctuations, real estate activity has remained steady. We are seeing a dip in the attached market (townhomes and condos) due to increased HOA fees. But even with interest rates remaining high, there’s been a sense of financial stability that’s given more people the confidence to make moves, which shows in the data about our most recent activity:

Colorado Homes Median Sold Price Year-To-Date (Jan-Jun, 2025)
2025 Single-family Home: $586,000
2024 Single-family Home: $584,875
(+ 0.2% price change)

2024 Attached Home: $410,000
2023 Attached Home: $423,000
(-3.1% price change)

So, should you be concerned about selling? It depends on your situation:

Long-term Homeowners Not Selling: No
If you’ve owned for 5+ years, you’ve got a nice cushion of equity (especially that huge boost from the pandemic). CoreLogic’s 2021 report showed our homes appreciated by a whopping $78,000! Even if you lost a few thousand in the last 18 months, celebrate that wealth and hedge of protection you’ve built. You’re poised to get an excellent return.

Short-term Homeowners Not Selling: No
Buyers who purchased more recently (especially at the market’s height – spring of 2022) may have experienced a stronger depreciation. But historically, 100% of the time, home values recover within years. Ask your RE/MAX Alliance agent to keep tabs of your property over the year and see if the tide has turned for its value. 

Remember, unlike in 2008, a mortgage crisis will not trigger a recession. So, our real estate investments are weathering the economy’s milder slowdown much better.

Read: Our Market is Correcting – Not Imploding

Homeowners Planning to Sell: It depends on…
Along the Front Range, many communities and neighborhoods have such high buyer demand that they grew in appreciation (albeit small compared to 2021-2022). So when your RE/MAX Alliance agent helps you determine your sales price, any financial loss will depend on your location and length of ownership. 

That’s why working with a hyperlocal real estate expert like them is crucial. Using their resources, techniques, and strategies to increase your home’s appeal will broaden your buyer pool and improve your chances of getting the best offer.

Read: Is This A Buyer’s Market?

How much is your home worth? Ask your RE/MAX Alliance agent for a CMA (Comparative Market Analysis). The most accurate report you can receive about your property.

Sources: Colorado Association of Realtors®, Denver Post, HomeMortgageAdvisors.com