Denver's population is 2.9M, with a total workforce of 1.5M. The labor market grew by 41,500 jobs over the past year, up by 2.8%. The median household income in Denver is $74,564, 3.7% higher than last year and 21.5% above the national average of $61,372. In the housing market, total permits issued totaled 20,197 over the last twelve months, down 18.4% year-over-year.
Denver has 357 active new home projects on the market, 14.2% fewer than the 416 from last year. The average list price in the market is $513,806, 7.3% higher than last year and 60.6% above the national average. Over the last three months, new home contracts decreased by 21.5% to 1,938. Denver and Aurora had the highest concentration of the new home contracts in the Denver market.