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GDMA municipalities include: Arvada, Aurora, Bailey, Brighton, Broomfield, Castle Rock, Centennial, Cherry Hills Village, Commerce City, Conifer, Denver, Englewood, Evergreen, Golden, Highlands Ranch, Lafayette, Lakewood, Littleton, Lone Tree, Louisville, Northglenn, Parker, Thornton, Westminster, Wheat Ridge.
December 2021 Market Stats Snapshot
New Listings were down 10.3 percent for single family homes and 13.1 percent for townhouse-condo properties.
Under Contracts increased 0.2 percent for single family homes but decreased 4.8 percent for townhouse-condo properties.
The Median Sales Price was up 18.1 percent to $620,000 for single family homes and 13.4 percent to $380,000 for townhouse-condo properties.
Days on Market decreased 10.5 percent for single family homes and 46.9 percent for townhouse-condo properties.
Looking ahead, experts anticipate many of the housing market trends of 2021 will continue in 2022, albeit at a more moderate level. Strong buyer demand and inventory shortages are likely to persist over the next year. Home sales are projected to remain strong but will be tempered by the limited supply of homes,
higher sales prices, and rising interest rates, with the Federal Reserve planning multiple rate hikes in the new year. Price growth is expected to slow somewhat as a result, but affordability will likely remain a top constraint for some homebuyers.
Current as of January 5, 2022. All data from REcolorado®.
Report © 2022. ShowingTime.