Jan ‘22 Market Stats - Denver Metro

January’s market data is in! Let’s break it down…⁣

𝘓𝘰𝘤𝘢𝘭⁣

🏡 Buyers need to know: Offers that are making it to the top of the pile are taking a three-pronged approach: price, limited to no inspection requests and appraisal gap language.⁣

💰 Potential Sellers need to know: Denver is working with more than 10 times less inventory than normal. Homes are closing 10-22% over list price.⁣

🔥 The value of Denver’s real estate market grew by $212 billion from 2010-2019. It grew another $208 billion in 2020 & 2021 alone. The market is HOT.⁣

🚜 In a recent bankruptcy auction, 134 undeveloped acres by DIA sold for $18.1 million to Sherman Associated. The site is zoned for industrial and residential use.⁣

🌎 Colorado is considering prohibiting consumers from using natural gas and opting for electricity, which is considered environmentally friendly.⁣

𝘕𝘢𝘵𝘪𝘰𝘯𝘢𝘭⁣

📉 Inventory is at a record-low nationwide, even buyers moving out of Colorado into different markets will find high demand and stiff competition. If you have questions about a specific market outside of the Denver Metro, contact me. I’m happy to connect you with an industry partner anywhere in the US to help!⁣⁣

🥇 A recent Gallup poll rated real estate as the best long-term investment for 8 years in a row.⁣

🔺 Interest rates jumped up when the Fed released their Dec meeting minarets noting quantitative tightening (QT) was planned for 2022, then again when Fed Chair Powell made his Jan meeting statement confirming QT to begin after the Fed rate increase. ⁣