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 double-digit increases with Single-Family homes up 21%, compared to this point in 2020 and Multi-Family/Condo/Townhome prices up 14%. Homes are currently spending an average of two weeks actively available on the market.
August 2020 vs August 2021
-11% Homes Closed
The number of sold homes in August of 2021 decreased to 5,894 or 11% fewer homes closed this year over last year in July – and 5% down from last month.
August 2021, the data shows an increase of 14% in price over August of 2020 for an average price of $613,656.
-11% New Listings
In August, sellers added 6,098 new listings to the market, 15% fewer than last month (or 11% down from last year at this time).
-13 Days in MLS
Homes spent an average of 11 days on the market in August of 2021, 13 days fewer than last August.
So, How’s the Market, August 2021 All data taken from REColorado on September 13th, 2021 for the 8 county Denver Metro Area.