By: Colorado Association of REALTORS
ENGLEWOOD, CO – Aug. 11, 2021 – From the fast-paced acceleration of the express lanes to the pump-your-brakes gridlock of metro-area highways and weekend mountain traffic, Colorado’s housing markets are demonstrating a similar range of activity, as well as buyer and seller behavior, according to the latest data and expert analysis from the Colorado Association of REALTORS® (CAR).
July data, seasonal expectations, and forward-looking signs point in multiple directions, according to REALTORS® working in markets across Colorado. Despite dips in new listings and homes under contract both in the metro area and statewide, inventory of active listings and months supply of inventory rose nicely month- over-month but remain down significantly from a year prior. The combination of factors helped hold median pricing for single-family homes at or slightly below June levels however, they remain up more than 18% from a year prior in the seven-county Denver metro area and statewide as well.