Denver Metro Q1 2022

According to LIV Sotheby’s International Realty’s (LIV SIR) Q1 Micro Market Report, which compares real estate data through March of this year compared to the same frame in 2021, the number of homes sold across the six-county Denver Metro area decreased slightly in comparison to the exponential growth that the market was experiencing last year. Through March of this year, there have been 10,740 homes sold – down 11.1% from 2021.

Despite the small decrease in property sales, home values in the area are still appreciating, incentivizing sellers to list their homes on the market and in turn creating additional inventory for buyers to choose from. During the first quarter of the year, the average price for a single family home in Denver Metro by 16.1% – bringing the average single family home price to $743,411. Looking at attached homes, the average price through Q1 was $467,706 – a 16.7% increase.