Denver's population is 2.9M, with a total workforce of 1.5M. The labor market grew by 40,700 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 355 active new home projects on the market, 15.1% fewer than the 418 from last year. The average list price in the market is $500,253, 3.5% higher than last year and 56.2% above the national average. Over the last three months, new home contracts decreased by 6.7% to 2,182. Denver and Aurora had the highest concentration of the new home contracts in the Denver market.