Wednesday, May 12, 2021

Colorado Real Estate in April: Sales Up 41% YoY, Inventory Down 66% YoY

by Calculated Risk on 5/12/2021 02:29:00 PM

Note: Remember sales were weak in April 2020 due to the pandemic, so the YoY comparison is easy. I'm tracking data for many local markets around the U.S. I think it is especially important to watch inventory this year.

From the Colorado Association of REALTORS® for the entire state:

Closed sales for Single Family and Townhouse-Condo in April 2021 were 11,022, up 40.5% from 7,843 in April 2020.

Active Listings for Single Family and Townhouse-Condo in April 2021 were 7,872, down 65.9% from 23,106 in April 2020.

Inventory in April was up 16.9% from last month.

Months of Supply was 0.7 Months in April 2021, compared to 2.4 Months in April 2020.