Denver’s real estate market continues to recover ahead of other U.S. markets according to the the National Association of Realtors’ housing market overall index. The index is set to 100 for the last week of January based on average year-over-year trends for that month, and updated every week relative to that baseline. A value of 100 means the market has recovered to the January 2020 pace.
The overall recovery index shows growth in demand, supply, and pace of sales surpassing pre-Covid benchmarks here in Denver and in Seattle, Boston, Jacksonville, and Philadelphia. Denver currently scores second highest at 108.3, just slightly behind Seattle which scored 110.6. The national average right now is 92.
Denver’s resilient and diversified economy has provided a stable foundation to weather this storm. Our continued commitment to containing the spread of the virus is the key to emerging from this pandemic as successfully and as quickly as possible.