Denver Housing Market Update December 2021

The Denver market felt the December slow this year with homes closed, new listings and inventory all down. Check out below to see how the Denver area housing market performed in December:

Data from ReColorado from December 1, 2021 to December 31, 2021.

Monthly Sales

The monthly sales numbers in the Denver area decreased, landing at 4,616. This was a significant decline from last year, landing at a drop of 12%. 

New Listings

New listings were also down from last year landing at 2,604 – a drop of 14%. Pending listings were down as well but only slightly at 3,312 – a drop of 4%. 

Sales Price

With low inventory, prices continued to climb and increased by 15% from 2020 landing at $622,740.

Days on Market (DOM)

The average days on market continued to slow during the holidays. Denver homes spent an average of 18 days on the market in November. This is still a 6 day decrease from December of 2020. 

 

A Look at 2022 from a Homie Expert

Phillip Kranefuss, our Head of Real Estate in Colorado had this to say about the future of the market in 2022: 

“The Denver market is slowly awakening from its December slumber as we head into the new year. Buyer demand has come out strong, even in the face of rising interest rates However, listings are ebbing at historical lows and lagging behind where we would expect them to be halfway through January. At this point, it looks like a continuation of the ultra-low listings inventory coupled with strong buyer demand status quo, resulting in a very competitive local market.”

 

Turn to a Homie

Are you ready to buy or sell your home? Homie has dedicated, local agents that are highly experienced and can help you navigate the tricky Denver market. Our agents can help you search for your dream home and put in an offer, or if you are selling, help you get your dream offer. Click to start selling or buying and get in touch with your dedicated agent.

Learn more about Denver real estate!

Want more?

Get your monthly slice of real estate know-how with a focus on empowering all towards homeownership.