The 2021 metro Denver real estate market will go down in the record books as being one of the most competitive markets we have had. Fueling the intensity were big forces, such as record low housing supply, high buyer and renter demand, Millenials aging into prime home buyer age, low-interest (cheap) financing, supply chain distruptions contributing to higher material costs and time delays, construction and other labor shortages, pent-up activity due to COVID disruptions in 2020, COVID-induced lifestyle migration from the coasts and more expensive markets, emerging climate-induced migration to avoid heat and storms, high housing appreciation rates and national inflation encouraged purchasing sooner to benefit from these trends, a strong diversified local economy, and the one that gets many of us… the Colorado lifestyle.
The past few months were a great time for home buyers to be looking for their next home and making offers. January’s market came out of the chute hard its first full week as many buyers waited until the New Year to start looking.
Let’s take a look at the most recent Denver housing market reports…
Denver Real Estate Market Updates with Scott Rodgers
Denver Housing Market Recap for 2021
Records set in December:
Colorado Association of Realtors Market Update
Metro Denver Housing Market Review
with Megan Aller at First American Title