June 2021 Market Stats - Denver Metro Area

June 2021 market stats are in! What you need to know:⁣

⁣

🏡 The average single-family home price increased to a new all-time high of $728,385. ⁣

⁣

🗞 The “cold front” that news outlets claim is hitting Denver real estate in nothing more than the cycle of inventory we have seen this time of year for the past decade. We consistently see our inventory low in February and then climb steadily until we hit August/September when inventory starts to slow again. 𝐈𝐭 𝐢𝐬 𝐬𝐭𝐢𝐥𝐥 𝐚 𝐬𝐞𝐥𝐥𝐞𝐫’𝐬 𝐦𝐚𝐫𝐤𝐞𝐭. ⁣

⁣

📈 Elevated inflation will compel the Federal Reserve to raise the US interest rates at least twice by the end of 2023, according to a new poll of leading academic economists for the Financial Times.⁣

⁣

💰 Single-family rents were up 5.3% year-over-year in April. The largest gain in nearly 15 years.⁣

⁣

🚚 Colorado gained about 50,000 people between 7/1/2019 and 7/1/2020. That includes both migrants and new births. The state has added about 760,000 people since 2010, the eighth-highest in the country.⁣

⁣

📩 𝘈𝘴 𝘢𝘭𝘸𝘢𝘺𝘴, 𝘱𝘭𝘦𝘢𝘴𝘦 𝘴𝘦𝘯𝘥 𝘮𝘦 𝘢 𝘮𝘦𝘴𝘴𝘢𝘨𝘦 𝘪𝘧 𝘺𝘰𝘶’𝘥 𝘭𝘪𝘬𝘦 𝘢 𝘧𝘶𝘭𝘭 𝘤𝘰𝘱𝘺 𝘰𝘧 𝘵𝘩𝘪𝘴 𝘳𝘦𝘱𝘰𝘳𝘵 𝘰𝘳 𝘩𝘢𝘷𝘦 𝘢𝘯𝘺 𝘲𝘶𝘦𝘴𝘵𝘪𝘰𝘯𝘴 𝘢𝘣𝘰𝘶𝘵 𝘵𝘩𝘦 𝘮𝘢𝘳𝘬𝘦𝘵.