Year-End 2020 Micro Market Report – Denver Metro
Despite the pandemic, social unrest, and impactful political events, Denver’s reign as one of the most desirable cities in which to live continued. Attracting homebuyers with its urban setting, acres of pristine parks, and lush outdoor recreation areas, Denver Metro had another stand-out year for real estate.
According to the year-end Micro Market Report, produced by LIV Sotheby’s International Realty, which summarizes Denver Metro’s market performance during 2020 in comparison to 2019, the Mile High City had a record year. While the city had a decline in inventory, dropping 2% from 2019 levels, bringing just 67,495 new listings onto the market last year, rising appreciation for available single family (+9.6%) and attached homes (+4%) paired with a boost in overall listings sold (+13.5%) contributed to the 22.4% increase in overall sales volume in 2020.