2021 Colorado Real Estate In Review

Curious to know how 2021 faired for the housing market in Colorado? Let’s take a look at the numbers.

– 2/3 of Coloradans owned and occupied a home by the end of 2021

– Only 2% of the homes on the market were vacant, with most homeowners needing to sell their current home before making a move

– Roughly 4% of all rental homes are vacant

– 2.25 million homes were occupied during 2021 with 1.5 million of those being owner occupied and 750,000 of those being rentals

– Over $10 Million worth of new building permits were issued

– Approximately 650 manufactured homes were created or shipped to Colorado

– The average home price increased by 18% overall, the biggest increase since 2000, which finished at 15%

– Average home price in the Denver Metro area finished at $615,000

– We finished up the year with just over 11,000 homes on the market, with approximately 8000 of those pending a sale, and 3000 of those waiting for an interested buyer

– Denver was the 5th hottest real estate market in the nation

– Average days on market was down to a record 20 days