Greater Denver Area Market Report February 2022
Updated: Mar 6, 2022
With 5.36% month-over-month appreciation and interest rates increasing, an individual's buying power steadily declined last month. While 2020 and 2021 took different paths, there is one common denominator: hyperactive buyer demand.
The first two months of 2022 were dictated by a lack of inventory and sales.
By the end of February 2021, 8,761 properties hit the market.
In 2022, the market has only seen 7,671, a 12.44% decrease in listings in two months. This number directly correlates with the 13.31% decrease in closed properties so far this year.
The lack of supply coupled with the surplus of buyers has caused prices to rise quickly, leading to an unprecedented close-price-to-list-price ratio of 104.75%.
You can read the full report here. Let me know if you have questions or would like information specific to your property or neighborhood!