Market Update: February 2022

Our team at Corken + Company has the February 2022 real estate market update. While the market usually sees a 70 percent increase in new listings from December to January, it ended down 17.77 percent in new listings compared to 2021, which was a 31.04 increase from the previous month. The market ended with month-end active listings at a low of 1,184.

This time last year, inventory was very low, this year, there’s 48.88 percent less. This will likely lead to fewer homes being bought and sold over the course of the year. There is less to choose from in the Denver Metro area prompting the continuation of extreme bidding wars.

“Prices dropped slightly, both average and median, but that is not reflective of our current market but rather 90 days ago,” said Chair of the DMAR Market Trends Committee and Metro Denver Realtor®, Andrew Abrams. “Based on the historic low inventory and current market demand, prices will likely skyrocket in the next three months. With the low inventory and competition, we are expecting prices to greatly increase in the first half of this year. Creativity in writing offers has been instrumental for a successful outcome. While many buyers grow frustrated through the process, leading to potential burnout, I want to emphasize that there are still diamonds in the rough.”

It is crucial to stay up to date all things happening in the current market. Our team is here to help you navigate buying and selling your home.

Read the full February 2022 real estate market report at: