VERY Strong Sellers Market Continues...

The Denver Metro Area real estate market continues to be squrely in the grips of a VERY strong sellers market. Buyer demand continues to outpace available inventory leading to record prices and rapid sales. 

The lack of inventory is affecting the number of closed homes and pending listings. Both were down compared to this time last year. The high demand for homes has pushed the median home price to $575,000 up 22% to this time last year! 

Homes priced between $600-$800,000 are very hot. They saw an increase of 39% compared to this time last year! 

The Denver Metro Area real estate maket has only 2 weeks of inventory meaning competition will remain fierce for the few available homes for sale. 

If you're looking to buy a home expect to see more of the same. Multiple offers (all well over the asking price) and limited contingenices still remain. 

Help may be on the way. The Spring Selling Season is just around the corner. More homes are expected to come to market which will help increase chances for weary buyers. 

February 2022 Market Watch Report

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