“Nationwide, homes in areas that were redlined have shown menial increases in value in comparison to homes in the surrounding areas, according to a report recently published by Zillow.
Denver, however, is an exception to the rule.
Denver’s current real estate market has a lot to do with the uptick of home values in these areas, said April Denmon, owner of Denmon Realty.
“What we have been seeing is that it’s a seller’s market because there’s not much inventory,” Denmon said. “In the normal buyers’ market, there are about 25,000 homes listed. Currently, there are around 2,700 houses on the market in the whole state of Colorado.
According to Zillow, nationally, “the median value of a home in redlined areas is $276,199, nearly $50,000 less than the $324,489 median value of homes in the surrounding areas.” In Denver, the median home value in a redlined area is $542,709 compared to only $509,545 in the surrounding areas.””
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Tellis, Allan. Denverite 26 April 2018.