May 2021 Market Stats - Denver Metro Area

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

🏡 The average single-family home price increased to an all-time high of $700,559. We knew that was coming though, let’s be honest. ⁣

2️⃣ According to Money.com’s 2020 Best Places to Live, Parker, Colorado is #2 in the country! Perks include mountain views, open space, a strong local economy and just 25 minutes to Downtown Denver. ⁣

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📉 Interest rates dropped below 3% again at the end of May. Don’t be lulled into thinking the low rates are here to stay. The cost of waiting is a real thing. ⁣

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🚨 Denver’s excessive number of showings made it one of the two busiest markets in April, along with Seattle. Denver saw an average of 25 showings per listing for the 3rd consecutive month.⁣

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