T
he CEO of Reventure, a real estate data app, predicts a 9% decline in home values in the Denver metro area over the next year. Nick Gerli attributes this forecast to an oversupply of homes on the market, with inventory now two times higher than its long-term average. The Denver Metro Association of Realtor's April report confirms rising inventory and longer home listings.

    Reventure's data shows Denver has the nation's highest excess housing supply, but Gerli notes a shortage of affordable homes for average buyers. He believes lower prices will benefit both buyers and the local economy. Citing Austin as a comparable market where prices dropped 20% from their peak, Gerli suggests this decline led to renewed growth.

    For those seeking more affordable options, Gerli recommends Nashville, Chattanooga, Tennessee, Huntsville, Alabama, and Bentonville, Arkansas, which are priced 40-50% below the Denver metro area.