The housing market was active across Colorado in January with many markets experiencing record-low inventory and all markets seeing high demand from buyers. Across the state, contracts are being written on homes in a median of one week or less. January reports for the Denver Metro area, Central Colorado, and Routt County will give you the details you need to keep your clients informed.
Denver Metro Area
The number of active Listings for sale in the 11-county Denver Metro Area reached a record low at just under 2,200 at the end of January. Demand was strong, with 3,164 homes sold, while the number of new listings sellers brought to the market was down 12% compared to January 2020. The average price of a single-family home was up 16% year over year at $550,165.
The number of Homes Closed, New Listings, as well as Sold Prices in Steamboat Springs and Routt County saw double-digit year-over-year increases in January. Compared to January 2020, there was a 54% increase of homes sold and sellers brought 18% more listings of homes for sale to the market. Contracts were written on homes in a median of just 8 days thanks to high buyer demand. In January, the Median Sold Price of a Routt County home was $756,250. Take a peek at Routt County Market Statistics for more information.
Throughout January, 45 homes sold in Chaffee County, 36% more than last year at this time. The Median Closed Price for those homes was $389,000, 16% higher than January 2020. The number of New Listings of homes for sale was 26% higher than what we saw at this time last year. Chaffee County homes moved to the Pending status quickly in January spending a median of just 4 days on the market.
REALTOR® Association Market Statistics
In addition to the market statistics reports produced by REcolorado, we provide housing market data and collaboratively produce statistics reports with local REALTOR associations.
- Denver Metro Association of REALTORS®
- South Metro Denver REALTOR® Association
- Mountain Metro Association of REALTORS®
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