An Update on Our Market
Today we’ll compare December 2021 to November 2021 and December 2020.
Today I‘ll compare what we saw in the Denver Metro market in December to November and also to December 2020.
Low inventory has been a continuing theme. We only had 1,477 active properties available at the end of December. That’s a 34% decrease from November 2021 and a 42% decrease from December 2020.
There are fewer homes active on the market. 4,504 homes closed last month, which is a 15% decrease from November and a 14% decrease from December 2020.The average price point between both single-family homes and attached properties was $626,573. That’s a slight decrease from November but a large increase of almost 16% from December 2020.
Not only are home values going up, but rents are increasing very quickly as well. Last year the nation saw rents increase by 19.7% on average. Denver rents rose by 17.7% in 2021.
If you have any questions, don’t hesitate to reach out to us and let us know how we can help you. We look forward to hearing from you.