REcolorado Market Watch March 2021

The Denver Real Estate Market continues to be a STRONG Sellers Market for the foreseeable future. 

Demand for available housing continues to drive the real estate market. More home closed last month than any other March on record!  Buyers continue to find heavy competition, multiple offers well over the asking price on the limited inventory available to purchase. 

Although more listings came to market last month, overall inventory remains very low. 

March ended with only one week of inventory reflecting a 5 week decline from this time last year reflecting under 2,000 homes available to purchase. 

Heavy competition has driven up home prices. Home prices are up 15% compared to March 2020. 

More Market Stats 

REColorado Market Watch March 2021 Market Stats

Denver Real Estate Market Stats For march 2021

All indications show that things will remain tight for the upcoming months. It makes it even more important to partner with a strong Realtor who knows how to navigate challenging markets and get you the winning bid. 

Curious about what’s happening in your neighborhood? You can create a custom market report to see what’s active, under contract, and sold in your neighborhood! 

Considering selling or refinancing your home? Get an INSTANT property valuation now!

 

Contact us today to find out how we can be of assistance to you!