Colorado Real Estate News & Denver Real Estate Statistics Blog

In addition to being a collector of Denver real estate news and a generator of Denver real estate statistics, I will use this to share my experience, view point, and advice as a Denver Realtor & Denver real estate agent.

Nov. 22, 2021

Seller Property Details

Nov. 19, 2021

Buyer Questionnaire

I am thrilled that you would consider me to be your real estate agent for your next home purchase. In order to best serve you, please take a few minutes to fill out these questions. This will help us begin the process of finding your next home

Nov. 17, 2021

Denver Realtor Reviews: Colorado Real Estate Market Report October 2021

Denver Realtor Reviews: Colorado Real Estate Market Statistics for October 2021

Real Estate Market Statistics for the metro Denver area, Colorado Springs Pikes Peak region, and Northern Colorado. 

Metro Denver Colorado Real Estate Market Statistics as of October 2021

Denver metro is generally composed of Adams, Arapahoe, Broomfield, Denver, Douglas, Elbert, and Jefferson Counties. Metro Denver in Colorado saw a 50.6% decrease in the real estate inventory, which is the number of homes available for sale. Additionally, the Denver front range which includes Denver, Aurora, Lakewood, Thornton, Arvada, Westminster, Centennial, and Highlands Ranch as the largest cities in the area saw a 12.4% decrease in new listings and a 14.9% decrease in closed home sales. The median home price in Denver metro increased by 13.1% from $469,900 to $531,500.

Colorado Real Estate Market Report South Metro Denver REALTOR Association October 2021

Southern Front Range Colorado Real Estate Market Statistics as of October 2021

Colorado Springs is generally composed of El Paso County and Teller Counties. The Pikes Peak region in Colorado saw a 6.0% decrease in the real estate inventory, which is the number of homes available for sale. Additionally, the southern front range around Colorado Springs, which includes Colorado Springs, Monument, Falcon, Fountain, Manitou Springs, and Woodland Park saw a 27.6% increase in new listings and a 12.3% increase in closed home sales. The median home price in Colorado Springs metro increased by 11.5% from $425,000 to $473,750

Colorado Real Estate Market Report Pikes Peak MSA October 2021

Northern Colorado Real Estate Market Statistics as of October 2021

Northern Colorado is generally composed of Boulder, Larimer, Logan, Moran, and Weld Counties. The Northern Front Range region in Colorado saw a 62.7% decrease in the real estate inventory, which is the number of homes available for sale. Additionally, the northern front range area that includes Boulder, Broomfield, Fort Collins, Greeley, Longmont, and Loveland saw a 14.0% decrease in new listings and a 19.0% decrease in closed home sales. The median home price in northern Colorado increased by 15.3% from $425,000 to $490,000.

Colorado Real Estate Market Report Northern Front Range MSA October 2021

Nov. 16, 2021

6 Things to Consider When Selling Your Home

There are many things to consider when it comes to selling your home. Some questions might be more straightforward than others, so I am writing about some important things to consider when selling your home. These things tend to be less known, not often discussed, or can easily be missed when someone sells their home.

1. Taxes

  • It is essential to speak with a tax person about any potential tax consequences. Some things that could lead to capital gains taxes would be if the home has been occupied or a rental, if you have depreciated or written off part of the home on your taxes for business purposes, if you have not lived in them for 2 years, if you have sold another owner-occupied property in the last 2 years, if you are a single individual and your gains are more than $250,000, or a couple and your gains are more than $500,000.
  • If you're an out-of-state seller, there is a 2% withholding until you file your state taxes with the state of Colorado. This is very important to research and understand.
  • If you are a foreign national, there are significant tax withholdings, and consulting a CPA is mandatory prior to listing. Please let me know right away if this is the case.

2. Money for Purchasing

  • Do you need to refinance or obtain a HELOC to get money for your purchase? No lender will refinance on a home that is currently on the market. Owner occupancy refinances are cheaper than investment refinances.
  • If you're using the proceeds of the sale of your home to purchase a new home, you do not want to receive them as a check because your bank may put a hold on the funds. A wire transfer can solve this complication. We can transfer your funds straight from one title company to another.

3. Moving Costs

  • If you're relocating for a new job, it may be important to consider the total cost of moving. Have you looked into whether or not your new employer will cover some of your moving costs? If not, you may need to have some cash available for movers, minor cosmetic updates, and/or deposits on the new house.

4. Repairs / Updates

  • If you know you qualify for an insurance claim, these may take some time to complete. If it is an unavoidable or a major repair that will be discovered through an inspection such as a sewer repair, roof repair, structural repair, HVAC issue, etc., it may be worth addressing before listing the home.
  • The only repairs we advise completing before listing your home are cosmetic and other improvements that would bring a higher offer to the home.
  • If your home is going to be vacant when listing, you may want to consider staging the home to enable buyers to envision the entire potential of the home.

5. Timing

  • While it is common knowledge that selling between Thanksgiving and the New Year is less than ideal, July and August are historically slow times to sell a home. This is due to many people being on vacation. A little known fact is that January and February are extremely busy for home buying because people get their tax returns and inventory is low.
  • Do you have somewhere to go or is there a vacation you're already planning in order to accommodate showings on your home? For home showings, you may have to leave the home for large periods of time.
  • Do you have a place to board your pets during the day for showings? Sometimes you will not receive very much notice about showings.
  • When considering photographing your home, it is important to note that photographers only work on weekdays. It takes 24 hours after the photos are taken for them to be delivered. Combined with wait times to reserve the photographer and the fact that photos take time to be delivered, at least a one-week lead time is recommended for photography.
  • The ideal day of the week to list your home is on Thursday. I will advise you on the average days it takes to get an offer on your home. After an offer is accepted, the escrow process until closing usually lasts 30 days.

6. Handing Over the Home

  • While this may not be a deciding factor in whether or not to sell your home, the transfer of utilities is an important consideration. The title company will transfer the water bill for the new buyers and seller, but you will be responsible for canceling electricity gas cable, and other utilities.
  • Unless the contract specifies that you have to have the home professionally cleaned it must be left as clean as it was for showing or the inspection, whichever was cleaner.
  • If applicable, your HOA (homeowners association) might charge and likely does charge a fee for transferring to a new owner. This can range from a couple of hundred dollars to 1% or more of the home price. It's important to understand these costs in advance.

My Flat Fee

If you are interested in selling your home, I do offer a Denver full-service, flat fee real estate model. You can learn more about my services here: www.realtyofco.com/flat-fee

Here is a questionnaire to fill out to get the process started:

Oct. 31, 2021

Colorado Real Estate News October 2021

 

 
 
 
Colorado Real Estate News
Colorado Home Loan Originators Brandon Gibson & Christopher Gibson - www.GibsonHomeLoans.com
Published by
Chris Gibson & Brandon Gibson
29 October 2021
Read paper →
Stories Colorado Mortgages Leisure Homes & Trends Super Local For Realtors
 
I know you expect me to be in the know when it comes to real estate news in and around Denver and Colorado, and now you can be too. I hope you find this latest version of my newsletter interesting and helpful. I can not thank you enough for all the referrals. Have a great day! 

Best regards,
Chris Gibson
720-394-8861


 
 
How much you can save by downsizing your home in metro Denver?
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Chris Gibson & Brandon Gibson
thumbnail kdvr­.com - It’s a trend that keeps on growing during the pandemic: homeowners deciding to downsize their living space.
Mortgage rate increases push refinance share lower
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Chris Gibson & Brandon Gibson
thumbnail housingwire­.com - Mortgage applications increased 0.3% from last week, per the latest report from the Mortgage Bankers Association for the week ending Oct. 22, 2021.
Fannie Mae prices first credit risk transfer deal since pandemic
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Chris Gibson & Brandon Gibson
thumbnail nationalmortgagenews­.com - The reception in the market to structured single-family CRTs' return at the government-sponsored enterprise was strong enough for it to plan to follow up this transaction with another one next month.
Housing Market Shows Cracks With Price Cuts in Pandemic Boomtowns
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Chris Gibson & Brandon Gibson
thumbnail bloomberg­.com - In places like Boise, homebuyers are gaining an edge after a real estate frenzy.
‘There Is No More Room for Generic Work Environments’
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thumbnail magazine­.realtor - It may take a lot of convincing to get workers to leave their comfy home workspaces and return to a professional office.
Hot Homes: Calming market brings Denver 6 houses under $2M
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Chris Gibson & Brandon Gibson
thumbnail news­.yahoo­.com - The Denver metro's real estate market steadied in September, per Zillow's latest Market Report, as inventory increased, monthly home appreciation shrunk and listings spent more time on the market com…
Jump in metro Denver home prices hits all-time high; rents continue to rise
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Chris Gibson & Brandon Gibson
thumbnail denverpost­.com - House prices in Denver continued their hot streak in July, hitting an all-time high for year-over-year gains, the S&P CoreLogic Case-Shiller home price index reported Tuesday.
Denver home market slowing a bit
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Chris Gibson & Brandon Gibson
thumbnail denvergazette­.com - Signs of stabilization appeared in the September home sales report from the Denver Metro Association of Realtors as prices started to tick back up, as did the number of homes
Single Buyers Face Hurdles as Starter Homes Dwindle
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Chris Gibson & Brandon Gibson
thumbnail magazine­.realtor - The number of one-person households has doubled over the last four decades, but supply of entry-level housing is near a 50-year low.
Colorado Real Estate Market Report September 2021
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Chris Gibson & Brandon Gibson
thumbnail gibsonhomeloans­.com - Colorado Real Estate Market Report and Statistics - Check out the latest real estate market statistics and market reports for Colorado
Where rental prices stand in Denver and statewide
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Chris Gibson & Brandon Gibson
thumbnail news­.yahoo­.com - Data: RENTCafé; Chart: Sara Wise/AxiosRent prices are rising rapidly across the country, and the number of people seeking rentals has returned to pre-pandemic levels or higher, writes Axios' Jennifer…
 
 
 
StoriesColorado MortgagesLeisureHomes & TrendsSuper LocalFor Realtors
 
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Oct. 14, 2021

Denver Realtor Reviews: Colorado Real Estate Market Report September 2021

Denver Realtor Reviews: Colorado Real Estate Market Statistics for September 2021

Real Estate Market Statistics for the metro Denver area, Colorado Springs Pikes Peak region, and Northern Colorado. 

Metro Denver Colorado Real Estate Market Statistics as of September 2021

Denver metro is generally composed of Adams, Arapahoe, Broomfield, Denver, Douglas, Elbert, and Jefferson Counties. Metro Denver in Colorado saw a 41.9% decrease in the real estate inventory, which is the number of homes available for sale. Additionally, the Denver front range which includes Denver, Aurora, Lakewood, Thornton, Arvada, Westminster, Centennial, and Highlands Ranch as the largest cities in the area saw a 0.8% increase in new listings and an 11.3% decrease in closed home sales. The median home price in Denver metro increased by 15.9% from $455,000 to $527,500.

Colorado Real Estate Market Report South Metro Denver REALTOR Association September 2021

Southern Front Range Colorado Real Estate Market Statistics as of September 2021

Colorado Springs is generally composed of El Paso County and Teller Counties. The Pikes Peak region in Colorado saw an 11.0% decrease in the real estate inventory, which is the number of homes available for sale. Additionally, the southern front range around Colorado Springs, which includes Colorado Springs, Monument, Falcon, Fountain, Manitou Springs, and Woodland Park saw a 37.9% increase in new listings and a 4.3% decrease in closed home sales. The median home price in Colorado Springs metro increased by 9.6% from $415,000 to $455,000

Colorado Real Estate Market Report Pikes Peak MSA September 2021

Northern Colorado Real Estate Market Statistics as of September 2021

Northern Colorado is generally composed of Boulder, Larimer, Logan, Moran, and Weld Counties. The Northern Front Range region in Colorado saw a 58.2% decrease in the real estate inventory, which is the number of homes available for sale. Additionally, the northern front range area that includes Boulder, Broomfield, Fort Collins, Greeley, Longmont, and Loveland saw an 11.2% decrease in new listings and a 12.0% decrease in closed home sales. The median home price in northern Colorado increased by 11.6% from $430,000 to $480,000.

Colorado Real Estate Market Report Northern Front Range MSA September 2021

Sept. 27, 2021

Colorado Real Estate News September 2021

 

 
 
 
Colorado Real Estate News
Colorado Home Loan Originators Brandon Gibson & Christopher Gibson - www.GibsonHomeLoans.com
Published by
Chris Gibson & Brandon Gibson
24 September 2021
Read paper →
Stories Homes & Trends For Realtors Colorado Mortgages Super Local Leisure #emmy #emmys2021
 
I know you expect me to be in the know when it comes to real estate news in and around Denver and Colorado, and now you can be too. I hope you find this latest version of my newsletter interesting and helpful. I can not thank you enough for all the referrals. Have a great day! 

Best regards,
Chris Gibson
720-394-8861


 
 
Denver Metro’s real estate market may be changing with the seasons. But what does it mean for buyers and sellers?
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Chris Gibson & Brandon Gibson
thumbnail denverpost­.com - After a year of record-breaking buying and selling activity in Colorado, it appears the red-hot market is cooling off and settling back into its typical trends.
Ten Things to Do for Free in Denver This Week
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Chris Gibson & Brandon Gibson
thumbnail westword­.com - The days are getting shorter, but this week is long on free entertainment in Denver.
Where Colorado Is (and Isn't) Growing
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Chris Gibson & Brandon Gibson
thumbnail westword­.com - Nearly half of Colorado counties saw housing unit shrinkage.
Despite Sky-High Prices, Today’s Homebuyers Aren’t Paying More Than They Can Afford
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Chris Gibson & Brandon Gibson
thumbnail realtor­.com - In today’s wild housing market, it may seem that the only successful homebuyers are either uber-rich or now house poor after spending everything they had on an overpriced home.
Farm-Fresh Colorado Crops: Palisade Peaches, Pueblo Green Chiles & More
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Chris Gibson & Brandon Gibson
thumbnail colorado­.com - Cool nights and sunny days make Colorado crops, such as melons, peaches, corn, grapes, berries, squash and pumpkins, fresh and full of flavor. Take a tour of the state as we show off Colorado’s homeg…
Demand for Second Homes Fell 19% Year Over Year in August
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Chris Gibson & Brandon Gibson
thumbnail redfin­.com - Still, interest in second homes will likely remain above pre-pandemic levels due to the permanent shift to remote work for many Americans.
Colorado Real Estate Market Report August 2021
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Chris Gibson & Brandon Gibson
thumbnail gibsonhomeloans­.com - Colorado Real Estate Market Report and Statistics - Check out the latest real estate market statistics and market reports for Colorado
Homeowner survey’s shock findings
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Chris Gibson & Brandon Gibson
thumbnail mpamag­.com - Nerdwallet poll finds almost two-thirds of home buyers had regrets
Denver's red hot housing market balancing out, but experts say it's not a cooldown
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Chris Gibson & Brandon Gibson
thumbnail thedenverchannel­.com - While the trend favors buyers, it’s also working out in favor of sellers who previously thought they couldn’t afford to move within the Denver market.
 
 
 
StoriesHomes & TrendsFor RealtorsColorado MortgagesSuper LocalLeisure#emmy#emmys2021
 
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Sept. 22, 2021

Denver Realtor Reviews: Colorado Real Estate Market Report August 2021

Denver Realtor Reviews: Colorado Real Estate Market Statistics for August 2021

Real Estate Market Statistics for the metro Denver area, Colorado Springs Pikes Peak region, and Northern Colorado. 

Metro Denver Colorado Real Estate Market Statistics as of August 2021

Denver metro is generally composed of Adams, Arapahoe, Broomfield, Denver, Douglas, Elbert, and Jefferson Counties. Metro Denver in Colorado saw a 50% decrease in the real estate inventory, which is the number of homes available for sale. Additionally, the Denver front range which includes Denver, Aurora, Lakewood, Thornton, Arvada, Westminster, Centennial, and Highlands Ranch as the largest cities in the area saw a 6.6% decrease in new listings and a 6.5% decrease in closed home sales. The median home price in Denver metro increased by 16.5% from $455,000 to $530,000.

Colorado Real Estate Market Report South Metro Denver REALTOR Association August 2021

Southern Front Range Colorado Real Estate Market Statistics as of August 2021

Colorado Springs is generally composed of El Paso County and Teller Counties. The Pikes Peak region in Colorado saw a 25.3% decrease in the real estate inventory, which is the number of homes available for sale. Additionally, the southern front range around Colorado Springs, which includes Colorado Springs, Monument, Falcon, Fountain, Manitou Springs, and Woodland Park saw a 28.5% increase in new listings and no change in closed home sales. The median home price in Colorado Springs metro increased by 14.6% from $397,000 to $455,000

Colorado Real Estate Market Report Pikes Peak MSA August 2021

Northern Colorado Real Estate Market Statistics as of August 2021

Northern Colorado is generally composed of Boulder, Larimer, Logan, Moran, and Weld Counties. The Northern Front Range region in Colorado saw a 61.8% decrease in the real estate inventory, which is the number of homes available for sale. Additionally, the northern front range area that includes Boulder, Broomfield, Fort Collins, Greeley, Longmont, and Loveland saw an 8.2% decrease in new listings and a 12.0% decrease in closed home sales. The median home price in northern Colorado increased by 11.4% from $430,850 to $480,000.

Colorado Real Estate Market Report Northern Front Range MSA August 2021

Aug. 17, 2021

Colorado Real Estate News August 2021

 

 
 
 
Colorado Real Estate News
Colorado Home Loan Originators Brandon Gibson & Christopher Gibson - www.GibsonHomeLoans.com
Published by
Chris Gibson & Brandon Gibson
13 August 2021
Read paper →
Stories For Realtors Homes & Trends Colorado Mortgages Leisure Super Local
 
I know you expect me to be in the know when it comes to real estate news in and around Denver and Colorado, and now you can be too. I hope you find this latest version of my newsletter interesting and helpful. I can not thank you enough for all the referrals. Have a great day! 

Best regards,
Chris Gibson
720-394-8861


 
 
Denver housing market increases inventory, but demand continues to push prices upward
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Chris Gibson & Brandon Gibson
thumbnail thecentersquare­.com - Denver’s housing market increased its inventory by nearly 30% last month, but experts say it won’t be enough to shift the market in favor of homebuyers.
I-70, Wildfires And RTD: Here’s What’s In The Senate’s Trillion-Dollar Infrastructure Deal
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Chris Gibson & Brandon Gibson
thumbnail cpr­.org - The state's congressional delegation has been pushing for money for roads, public transit, fighting wildfires and water projects.
Meow Wolf Denver just announced its opening date, name, theme, and ticket sales
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Chris Gibson & Brandon Gibson
thumbnail denverite­.com - This September, Convergence Station will transport Denverites into new dimensions.
Colorado Real Estate Market Report July 2021
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Chris Gibson & Brandon Gibson
thumbnail gibsonhomeloans­.com - Colorado Real Estate Market Report and Statistics - Check out the latest real estate market statistics and market reports for Colorado
How to Win in a Red-Hot Housing Market
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Chris Gibson & Brandon Gibson
thumbnail kiplinger­.com - Whether you’re a buyer or a seller, these strategies will help you get the best deal.
More listings cutting home prices in latest sign the housing market is starting to shift
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Chris Gibson & Brandon Gibson
thumbnail bizjournals­.com - Prices are dropping for a higher percentage of home listings in the latest sign the Covid-19-fueled housing market may have peaked.
This is not 2008 all over again for the housing market
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Chris Gibson & Brandon Gibson
thumbnail housingwire­.com - When you hear people say the current housing market is like 2008, you should remind them of the huge differences between then and now.
Rise in Affordable Listings Gives First-Timers Hope
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Chris Gibson & Brandon Gibson
thumbnail magazine­.realtor - As the market begins to shift in buyers’ favor, more frenzied activity could be in store later this year.
Housing boom is over as new home sales fall to pandemic low
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Chris Gibson & Brandon Gibson
thumbnail cnbc­.com - After a year of frenzied buying and price gains in the double digits, newly built homes are now out of reach for much of the demand that remains in the market.
Colorado’s urban open space past haunts the future of development and community life
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Chris Gibson & Brandon Gibson
thumbnail coloradosun­.com - Colorado residents and developers battle over some of the last open urban spaces as growth pressures rise.
5 Very Important Checklist Items Before Selling Your Home - Realty Times
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thumbnail realtytimes­.com - Before selling your home, you’ll want to make sure it is ready to be seen by potential buyers. Follow the next five steps to ensure that your house se...
Your Favorite Homes in July 2021
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Chris Gibson & Brandon Gibson
thumbnail cohomeblog­.recolorado­.com - These are the ten most liked homes from July! These homes are spread throughout the DMA , showcasing a variety of homes in a variety of neighborhoods!
How homebuyers can compete in a strong seller’s market
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Chris Gibson & Brandon Gibson
thumbnail bankrate­.com - With housing inventory still lagging, sellers continue to have the upper hand.
 
 
 
StoriesFor RealtorsHomes & TrendsColorado MortgagesLeisureSuper Local
 
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Aug. 12, 2021

Denver Realtor Reviews: Colorado Real Estate Market Report July 2021

Denver Realtor Reviews: Colorado Real Estate Market Statistics for July 2021

Real Estate Market Statistics for the metro Denver area, Colorado Springs Pikes Peak region, and Northern Colorado. 

Metro Denver Colorado Real Estate Market Statistics as of July 2021

Denver metro is generally composed of Adams, Arapahoe, Broomfield, Denver, Douglas, Elbert, and Jefferson Counties. Metro Denver in Colorado saw a 49.8% decrease in the real estate inventory, which is the number of homes available for sale. Additionally, the Denver front range which includes Denver, Aurora, Lakewood, Thornton, Arvada, Westminster, Centennial, and Highlands Ranch as the largest cities in the area saw a 1.6% decrease in new listings and a 14.0% decrease in closed home sales. The median home price in Denver metro increased by 17.6% from $455,000 to $535,000.

Colorado Real Estate Market Report South Metro Denver REALTOR Association July 2021

Southern Front Range Colorado Real Estate Market Statistics as of July 2021

Colorado Springs is generally composed of El Paso County and Teller Counties. The Pikes Peak region in Colorado saw a 35.7% decrease in the real estate inventory, which is the number of homes available for sale. Additionally, the southern front range around Colorado Springs, which includes Colorado Springs, Monument, Falcon, Fountain, Manitou Springs, and Woodland Park saw a 21.3% increase in new listings and a 12.5% decrease in closed home sales. The median home price in Colorado Springs metro increased by 14.3% from $424,500 to $485,000

Colorado Real Estate Market Report Pikes Peak MSA July 2021

Northern Colorado Real Estate Market Statistics as of June 2021

Northern Colorado is generally composed of Boulder, Larimer, Logan, Moran, and Weld Counties. The Northern Front Range region in Colorado saw a 63.7% decrease in the real estate inventory, which is the number of homes available for sale. Additionally, the northern front range area that includes Boulder, Broomfield, Fort Collins, Greeley, Longmont, and Loveland saw a 10.8% decrease in new listings and a 12.5% decrease in closed home sales. The median home price in northern Colorado increased by 18.5% from $413,500 to $490,000.

Colorado Real Estate Market Report Northern Front Range MSA July 2021