The housing market across Colorado showed incredible year-over-year growth. This time last year, home buyers and sellers were adapting to strict physical-distancing measures to slow the spread of the coronavirus, which greatly impacted the housing market. This year, buying and selling season is in full swing! Keep reading to find the latest REcolorado Market Watch reports for the Denver Metro area, Routt county, and Chaffee county.
The 2021 selling and buying season is off to a very active start in the Denver Metro area. Fueled by strong demand and low inventory, the Average Closed Price for homes is at an all-time high. Sellers have picked up the pace, bringing more homes to the market for buyers. Still, inventory levels remain very low with homes spending a median of only four days on the market.
Routt County saw a staggering 191% increase in homes closed compared to last year and 19% increase compared to last month. Home prices reached record highs, with an average Closed Price of $1,233,326. The housing market remains competitive, with homes spending a media of only seven days active in the MLS and only four weeks of inventory, one week fewer than last month. Get the full details by looking at the complete Routt County market statistics report.
The housing market leaped again in Chaffee County, with a 42% increase in homes closed year over year and a 38% increase month over month. Median prices for both Single-Family Homes and Condo/Townhomes/Multi-family Homes reached new records with the highest prices compared to any other April on record. Get the full details by looking at the complete Chaffee County market statistics report.
REALTOR® Association Market Statistics
In addition to the market statistics reports produced by REcolorado, we provide housing market data and collaboratively produce statistics reports with local REALTOR® associations.