Real estate sales in metro Denver broke records in 2020 even as the pandemic sent shockwaves through the economy.
The average price for a home jumped to $525,185 in 2020, up from $486,550 in 2019, according to a new report from the Denver Metro Association of Realtors. That equates to more than $33 billion of sales, the report found.
Home prices are setting records around the state — and the country — as low interest rates and a lack of available homes for sale push buyers to pay more.
Just 2,541 homes were available for sale at the end of December in the Denver area, about half of what was on the market at the same time last year, according to the report.