First To Know
Market Stats for Greater Metro Denver
Recent Stats as of January 2022
Single Family Average
Up 17% YoY
Up 14% YoY
Supply - Active Listings
It didn’t seem possible for active inventory to plunge any lower but that was the case in December. Supply was down 32% over November and dropped 64% compared to this time last year.
December saw 2,561 new listings, but this is a drop of 12% over 2020. December is historically a slower time for new listings and, given that demand remains high, now might be a strategic time for sellers to act. The hope for buyers is that 2022 brings more listings to the market.
Demand - Pending Sales
Given the shortage of inventory, it is not surprising that demand remains roughly the same as December 2020.
Average Price per SqFt - Single Family
The average PPSF for Single Family homes is $271, an increase of 17% year-over-year. In the attached report you will also see PPSF for the Condo market.
Months Supply of Listings
The months supply of listings is calculated by taking the inventory of homes for sale at the end of a given month and dividing by the average monthly pending properties for the last 12 months. This number tells us how long our active inventory would last without any new inventory coming onto the market. This is also known as the absorption rate. A balanced market is typically 6 months of inventory. December’s month supply is .3 a drop of 63% over 2020.
Percent of Closed Price to List Price
December’s percent of closed price to list price remains roughly the same as 2020. This data point is still well-above prior years, again affirming a strong seller’s market. This will be an interesting metric to watch as we enter 2022.
Greater Metro Denver includes the following counties:
- Arapahoe, Adams, Broomfield, Denver, Douglas, Elbert and Jefferson
- Reports are based on information from REColorado®, Inc. for the period shown in title. Note: This representation is based in whole or in part on content supplied by REColorado®, Inc. REColorado®, Inc. does not guarantee nor is in any way responsible for its accuracy. Content maintained by REColorado®, Inc. may not reflect all real estate activity in the market.
- Information deemed reliable but not guaranteed.
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