Record number of sales — and record-low inventory — in 2021
For 2021, Denver metro saw 63,684 total home sales, the most ever recorded in any year! That’s according to the latest Denver Metro Association of Realtors stats. The last year for the record? 2020!
That’s remarkable because the number of Denver metro homes available for sale at the end of December, 1,477, marked an historic low.
Homebuyers are snatching homes like the last sprinkled cronut available.
This has led to massive Denver metro median home price appreciation — prices leapt 19.8 percent in 2021 from 2020, to a median of $545,000 in December.
Source: Denver Metro Association of Realtors January 2021 report.
The median home price for Denver metro sales in 2017 was $380,000. For 2021: $525,000. That’s a 38 percent jump in just four years!
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