• Skip to main content

Denver Investment Real Estate

Helping Investors with Denver Residential Real Estate

  • Denver
    • Start Here
    • Deal Analyses
    • Market Updates
    • Denver Podcast
  • Springs
    • Start Here
    • Deal Analyses
    • Market Updates
    • Springs Podcast
  • Education
    • Free Toolkit
    • Podcasts
    • Getting Started Guides
    • Short Term Rentals Course
    • Self Management Course
    • Books
    • Events Calendar
    • Blog
  • Spreadsheets
    • Rental Property
    • House Hacking
    • BRRRR
    • Fix and Flip
    • Return on Equity (ROE)
  • Services
    • Rental Properties
    • House Hack
    • Sell
    • 1031 Exchanges
    • Investment Consultation
  • Portfolio Analysis
    • About Portfolio Analysis
    • Portfolio Consultation
  • About
    • About Us
    • Team
    • Our Process

Denver Real Estate MLS Market Stats – October 2021

December 2, 2021 • Chris Lopez

The Denver MLS trends data for October 2021 is now out. The average home sale price went down from the previous month, from $618K in September to $612K in October. However, the median home price still went up. Listings are also down from the previous month, from 6100 to 5300. In October of 2020, listings were at 6300. The average rent price has gone up from $1505 last October to $1725. This makes sense because vacancy rates are so low at 3.8%.


The market is cooling off a little bit, but it’s still appreciating and still a seller’s market. There are no price or rent drops on the horizon, so if you’re looking for long-term wealth building, now is a good time to buy. Interest rates will probably start ticking up in the near future, so don’t sit on the sidelines.

Three Learning Options!
  1. Listen to the podcast “#325: Denver Real Estate Market Stats – October 2021” on the Denver Real Estate Investing Podcast
  2. Watch the YouTube video (at the bottom).
  3. Read the blog post. Note, the blog is an executive summary. Get the in-depth breakdown from the podcast or video.

October 2021 Denver Market Stats with Ideas and Observations

Number of Listings:

  • Still in free fall; down 30% from prior year and -15% from last month
  • Ended month at 3376 vs 3971 last month and 4821 last year
  • We normally would expect some seasonal decline from prior month but not usually this much
  • The big change from last year is due to COVID timing issues and it is not really that relevant to look at


Number of Closed Units:

  • Also down from last year
  • Down 8% from last month – seasonality would suggest it should decline, but that’s more than usual
  • Likely driven by lack of inventory; demand side is still quite strong
  • Off 21% from Oct ‘20
  • No surprise, this is driven by COVID timing issues last year.


Average price:

  • Roughly the same as last month, down 1%.  Great to see it stabilizing (particularly with inventory so low)
  • Up 10% from last October year
  • As expected, the rate of change (price increase) is slowing down; hopefully, we’ll see that continue


Days on Market:

  • 14 days, up a little from last month (13)
  • Down a lot from last year (24 DOM)

Pending:

  • Looks good; 5790 UC now vs. 5636 last month.  Pretty stable.
  • Down, of course, from last year – again, COVID timing.

Showing traffic

  • Stronger than the usual historical trend
  • Looks like good showing momentum going into winter

Source: The above executive summary is from Lon Welsh of Your Castle Real Estate.

Summary of the Q3 Denver Rent and Vacancy Report:

  • Vacancy rate is 3.8%, about the same as last quarter.  It’s been steadily dropping for a few years.
  • Average rent $1725, up a lot in the last two quarters.  Great time to be a landlord.  This quarter in 2019: $1505!  Big increase!  +13%
  • Discounts and concessions are up somewhat; this is usually a method for new buildings to get full.
  • There are a significant number of new buildings that should be delivered in 4Q, so that new supply will likely be a short term assist to the renters; the rents shouldn’t go up as fast.
  • In 3Q21, we delivered 2,400 new units.  We filled almost all of them (1,860) – this why the vacancy rate when up slightly.  It likely also explains why the concessions are up some.
  • Also, with historical seasonality, vacancy is higher in 4Q and 1Q than it is in the warm months.

Denver Housing Trends October 2021

Denver Real Estate MLS Market Stats October 2021; month end active listings and month end closed homes
Denver Real Estate MLS Market Stats October 2021; data snapshot; snapshot month-over-month and year-over-year comparisons

Showing per Active Listing Trends for Denver


Usually, historical seasonality would lead you to see a small reduction in activity.  Instead, the Denver market saw a small increase.  The market continues to be stronger than you’d historically expect.

Denver Market Updates October 2021 Showing Trends

Get Started Building Your Own Denver Rental Property Portfolio

For information on how to get started investing in Denver, check out our 2021 Denver Real Estate Investing Guide. You can also sign up for our free Real Estate Investing Newsletter and download free real estate spreadsheets and toolkits.

YouTube Video

Denver Real Estate MLS Market Stats – October 2021

Podcast: Play in new window | Download (Duration: 11:13 — 12.8MB)

Subscribe: Google Podcasts | Spotify | Stitcher | Email | TuneIn | RSS | More

About Chris Lopez

Investor Friendly Realtor| Investor | Host of the Denver Real Estate Investing Podcast | Call Chris at (303) 548-0846 | Chris@envisionrea.com | Read more about Chris...

Real Estate Investment Consultation
Creating your real estate investing strategy and putting together your team can be a daunting task. Schedule your free Colorado real estate investment consultation to start creating your personalized plan.

Envision Advisors Logo
Copyright © 2023 · All Rights Reserved

Envision Advisors at Your Castle Real Estate · 2755 S. Locust St #243, Denver CO 80222

Return on Investment Quadrant™, True Cash Flow™ and Nomad™ are trademarks of Real Estate Financial Planner LLC and used with permission.

denverinvestmentrealestate logo

Disclaimer:This information is designed to provide accurate and authoritative information with regard to the subject matter covered. It is offered with the understanding that the presenters are not engaged in rendering legal, accounting, or other professional services. If legal advice or other expert advice is required, the services of a competent professional should be sought.

Privacy Policy | Terms of Use | Disclaimer