Denver Real Estate Market Update February 2022!
Michael Kozlowski ranked as high as the #1 Individual RE/MAX Agent in the State of Colorado! Selling homes in 2021 up to $125,000 Over Asking Price! Check us out at: www.team-koz.com
The Denver Metro Real Estate Market started January with a Bang, and we can still hear the echoes as Buyer Demand continues at a very Hot Pace!
The market needs more Listings and I believe we will see that begin to happen as we see Mask Mandates coming to an end and relieve some of the fear and concerns of this Covid Era. Home Sellers will plan for their Real Estate needs this year and begin to capitalize on the best Seller’s Market in the history of the Denver Metro Area! The Superbowl will be complete, and unofficially that seems to be the time that many Sellers start to make their move!
- We broke another record, as we ended January with only 1,184 total Active Listings on the market, which is down -20% from last month, and -49% from this time last year!
- The Pending Contracts were at 3,825 which is a 20% increase from the month before.
This explains our market in a nutshell, as the Buyer Demand is gobbling up almost every New Listing that arrives on the market!
- Closed Residential Homes were at 2,847 which is down 40% from last month.
This downturn in Closings is simply because Buyers just didn’t have enough homes to make offers on, and many tried to make Offers and were not accepted!
Buyers, please keep trying as help and Inventory is on the way and the urgency to beat an increase in Interest Rates will continue!
Sellers, if you need to sell NOW IS THE TIME!
We see so much Good News and Bad News in our large scale economic picture with Jobs, the Stock and Bond Markets and Inflation that it’s impossible to predict anything, but this much we are very confident in! Real Estate will continue to be one of the best, if not the best long term Investment for a very long time.
Enjoy February, as we all anticipate the exciting Spring Market!
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