We are most certainly in a shifting marketplace. Here’s some items to note. Let’s start with the inventory. Inventory is up 188% since February 16, 2022. We are now at 3228 total units as of May 16, 2022. The number of new listings in April 2022 compared to April 2021 is up 5% year over [...]
Highlights February 2022 The buyer’s market the Denver Metro area experienced in 2021 is continuing into 2022. Homes are flying off the market in just a few days and prices are continuing to increase. The median price of a home sold in February is 22% higher than last February. Sales of homes priced from $600-800,000 [...]
Highlights January 2022 Home prices remained strong, reflecting double-digit year-over-year gains thanks to strong buyer demand and inventory levels that remain at record low levels. The number of listings that closed in January was down 9% from January 2021 and lower than we’ve seen in January in since 2015. Buyer activity picked up during the [...]
The Denver 100 provides this Annual Real Estate Report as a service to our clientele and friends to give the current trends in the Denver residential real estate market and a resource to predict the future housing direction in our marketplace. In this post, you can find historical data from the 2021 Denver real estate [...]
YEAR TO DATE With one month remaining in 2021 the Denver Metro housing market is on pace to have a record-breaking year in terms of both Closings and prices. New Listings are struggling to keep pace with demand and, as a result, available inventory has fallen to record low levels. The Average Closed Price for [...]
YEAR TO DATE After a surge during the summer months, home prices began to level off in the later part of the year. Still, they are 17% higher than we saw at this point in 2020. Thanks in part to favorable interest rates buyers are not shying away from higher priced homes. Year to date [...]
YEAR TO DATE Throughout the year, buyers have scooped up listings quickly, in less than 2 weeks on average. Year to date, more than half of available listing were under contract with a prospective buyer in 4 days or less. Home prices began to level off over the last couple of months. Still, they are [...]
YEAR TO DATE The ongoing trend of strong buyer activity has pushed the count of Closed Listings to the highest year-to-date level we have on record, 6% higher than we saw at this point in 2020. The number of New Listings is down by 4% from last year’s year-to-date count. Home prices continue to see [...]
