With only one month remaining in 2021, the housing market is on pace to break records in terms of both closings and prices. Buyers remain eager to purchase homes, due in part to low mortgage interest rates, and are taking homes off the market so quickly that new listings are struggling to keep pace with demand. Keep reading to learn about the latest housing market statistics across Colorado.
Denver Metro Area
Home prices in the Denver Metro area continue to climb. The Average Closed Price for a home in November was $627,945, 15% higher than last year. As the month ended, only 2,423 homes were listed, leaving only two weeks of inventory across the Denver Metro area. 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.
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.