In collaboration with our partners, REcolorado makes market statistics reports available for the greater Denver metro area, REALTORS® of Central Colorado, an...

Demand was strong across Colorado in February with closings at or above 2020 levels. Additionally, properties that came on the market were quickly scooped up with contracts written on them after spending just a few days in the MLS. Based on the number of Pending Listings we saw in February, March could be another strong month for closings. Take a look at our February reports for the Denver Metro area, Central Colorado, and Routt County to get the information you need to stay in the know.

Denver Metro Area

The number of New Listings sellers are bringing to the Denver Metro market is not keeping pace with demand, which pushed available inventory to another record low. The number of Active Listings for sale in the 11-county Denver Metro Area was just over 2,000 at the end of February. Throughout the month, we saw 3,878 closings and 4,785 contracts written on listings. Strong demand pushed home prices higher once again, with the average price of a single-family home up 14% from last year to $553,231.

Market+Watch+Infographic+February+2021.jpg

*Information provided by REColorado