Ups and Downs
Here is a look at how the market performed in August versus August 2022
Prices:
Larimer County Up 4%
Weld County Up 8%
Metro Denver Up 6%
Transactions:
Larimer County Down 18%
Weld County Down 31%
Metro Denver Down 15%
Inventory:
Larimer County Up 18%
Weld County No Change
Metro Denver Down 4%
Versus 2019
Because 2021 and 2020 were such unique years in real estate because of the considerably low interest rates, many people in our industry believe it makes sense to compare 2022 to 2019 when looking at the key statistics.
Here’s how 2022 looked along the Front Range compared to 2019:
Prices Number of Transactions Properties for Sale
Larimer County +41% -6% -37%
Weld County +39% +2% -16%
Metro Denver +40% -14% -6%
Generally, what we notice is that:
- Prices are up significantly
- The number of transactions is similar
- Inventory is down compared to 2019 even though it is more than double 2021’s inventory
The annual Market Forecast featuring Chief Economist Matthew Gardner is February 1st at 5:30pm. To see the details and to RSVP, visit www.ColoradoForecast.com
Big Numbers
It turns out a lot of real estate changes hands over the course of a year in our market.
In 2019 Metro Denver had…
- Over 56,000 residential sales
- Over $28 Billion of residential sales volume
Overall, 2019 saw a slight increase in the number of transactions compared to 2018 and approximately a 5% increase in sales volume.
For a detailed look at the 2019 numbers plus our forecast for 2020, click the links below…
It’s time to register for our annual Market Forecast event. We will be live at 5:30 on January 15th at the Wellshire Event Center. Back by popular demand is our Chief Economist Matthew Gardner. Save your seat HERE.