NOVEMBER 2021: DENVER REAL ESTATE MARKET UPDATE

November 18, 2021

If you need help navigating this market, call us at (720) 588-3068. Buyer fatigue is real at the moment, with lots of buyers giving up on their search. Sellers are getting bad advice, listing with no plan or execution. When you work with us, you are working with the very best Denver real estate agent. Don’t leave such a huge financial decision to chance.

November 2021 Denver Market Update: 

High demand and low inventory continue to be the theme in metro Denver’s residential housing market. We saw a 9% increase in pending sales during October compared to September, underscoring that buyers are still out there, and demand is not slowing down. In terms of inventory, prospective buyers have even less inventory to choose from, with only 3,122 active listings.

 

Supply – Active Listings

Active listings remain historically low. We are seeing a 68% decrease over both 2018 and 2019. To the dismay of homebuyers, Denver metro saw a decrease in new listings month-over-month and year-over-year. However, the number of new listings in October 2021 closely matches what we saw in 2018 and 2019.

Denver Real Estate Market Stats Report November 2021

Demand – Pending Sales

We continue to see high demand with 5,643 pending sales in October. This is a 5% increase over 2020 numbers as well.

Denver real estate stats

Days in MLS

The average days in the MLS have continued to tick upward since July, a welcome relief for buyers who are seeing some payoff for their patience. While demand is still red hot, additional days on the market indicate that the days of fierce bidding wars have cooled.

Denver real estate market update

Percent of Closed Price to List Price

October saw a 102% percent of the closed price to list price. This slight month-over-month decrease points to a more realistic market compared to May and June of this year. That said, this data point is still well-above prior years.

Denver real estate market news

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