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March Colorado Real Estate Market Roundup

At Colorado Real Estate School, we’re committed to providing you with the important information necessary to build the foundation for success as a new real estate agent. One of the ways we do this is by delivering insights into the latest trends in the Colorado real estate market. Below is a recap of the Denver and statewide real estate market performance over the past month.

Important Denver Metro Area Real Estate Statistics for February 2024

Based on the recent data released by REColorado:

Denver real estate market statistics

Important Statewide Real Estate Statistics for February 2024

Based on the recent data released by the Colorado Association of Realtors:

Colorado real estate market trends

What This Data Means for the Local Real Estate Market

The number of active listings rose 21% compared to February 2023, and this means there are a lot more options for buyers than existed a year ago. Closed listings are also up 7% compared to last February and pending listings were down slightly by less than 1%. Prices were also up 3% on single family homes compared to February 2023. All these metrics can be an indication of seller confidence in the market and buyer’s willingness to move. We’re anticipating a strong spring market, which may signal a return to pre-COVID seasonal markets.

Statewide, prices are up almost 4% compared to February 2023. New listings are also up almost 4% and closed listings are up 6% from the same time last year, showing inventory is being absorbed at a good pace. Inventory levels are increasing, but they’re still historically low throughout the state. This is another strong indicator that we’ll have our traditional spring market throughout the state, with more sellers listing properties and more active buyers.

Colorado Real Estate School Can Set You Up for Success

If you’re interested in starting a career in real estate, Colorado Real Estate School can help set you up for success. You’ll benefit from the most comprehensive online real estate courses available, ensuring you receive all the information necessary to pass your real estate exam. In addition, our courses will help you build the knowledge necessary to thrive as a new real estate agent.

The online format of our real estate courses allows you to move through each class at your own pace, allowing you to juggle your studies with a full-time job and family obligations. All our content is developed by licensed, local real estate professionals who provide you with important insights necessary to grasp the specifics of the local market.

In addition, you’ll have access to our exclusive VideoConnect Success Learning System™ containing the largest library of instructor-led video content in the industry. Our highly engaging video content delivers an authentic classroom experience right in your own home.

You’ll also benefit from working with a real estate school that is truly committed to your success. We back all our courses up with our TruSupport Pass Guarantee™. If you don’t pass your real estate exam, we’ll give you extended access to all course materials. In addition, one of our instructors will analyze your test results and work with you to develop a customized study plan that addresses the concepts which were problematic for you on the exam. This allows you to focus your studies on the areas where you need the most support. This approach helps you achieve a successful outcome the next time you take the exam.

Contact us today to learn more about our online real estate courses.

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