Speed is the main takeaway from this report – it’s not so much that there are no listings, but they are going under contract incredibly quickly. Buyers need to be ready to make an offer quickly in order to win out on their dream home. The average sold price jumped by 20% from this time last year.
Good news for buyers: we’re seeing an uptick in the number of new listings hitting the market. With still historically low interest rates and record-breaking buyer demand, we expect this strong seller’s market to continue into the summer.
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*Greater Denver Metro Counties: Adams, Arapahoe, Boulder, Broomfield, Clear Creek, Denver, Douglas, Elbert, Gilpin, Jefferson, and Park. Based on information from ReColorado®, Inc. for the period April 1, 2021, through April 30, 2021. Not all properties were listed and/or closed by Calibrate Real Estate. This representation is based in whole or in part on content supplied by Recolorado®, Inc. Recolorado®, Inc. does not guarantee nor is it in any way responsible for its accuracy. Content maintained by Recolorado ®, Inc. may not reflect all real estate activity in the market.