Homelessness, home prices and rent continued to rise in the Denver metro area in 2021

“If you waited a year to buy the same house, the price would have gone from $455,000 to $545,000 today.”

A Northeast Park Hill home for sale on January 5, 2022.

A Northeast Park Hill home for sale on January 5, 2022.

Kyle Harris/Denverite
kyle harris

If you were hoping the increasing housing prices sweeping the Denver market were going to finally drop in 2021 so you could afford a lower-priced home, you were out of luck, according to the end-of-year Denver Metro Real Estate Market Trends Report from the Denver Metro Association of Realtors.

“If you waited a year to buy the same house, the price would have gone from $455,000 to $545,000 today,” said Denver realtor and chair of the DMAR Market trends committee Andrew Abrams in the report.

At the end of December, there were only 1,477 houses on the market in the 11 county metro area — a 41.97% drop from what was available at the end of 2020.

The average closing price was $626,573, nearly 16% higher than the previous year. The median closing price was $545,000, or 19.78% higher than the previous year.

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