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
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