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Mountain West Market Report Q2, 2021 (CO, UT, TX, WY)

Market Activity

Denver, CO
Market Overview

Single family homes in Denver averaged about eight days on the market in Q2, making Denver a very hot market. That said, this trend seems to be tapering off slightly, allowing buyers more time to consider purchases. Asking prices were even lowered on one-tenth of closings. The demand for housing in Colorado is still high, however, and is looking to remain stable in the near future.

🡱 13,428
Homes Sold
🡱 $623,000
Avg. Home Price
🡱 $1,738
Median Rent

Statewide Data

🡳 4.1
Rental Vacancy Rate
🡳 1.2
Homeowner Vacancy Rate
🡳 6.2
State Unemployment Rate
Metro Area Unemployment
Denver
6.3%
Boulder
5.5%
Peublo
8.7%
Colorado Springs
6.5%

Market Activity

Salt Lake City, UT
Market Overview

Low unemployment rates combined with low mortgage rates have made Utah a top housing market in the nation. Utah home prices are soaring as more people relocate to the state, and prices will likely set another record in upcoming quarters.

🡱 4,780
Homes Sold
🡱 $500,000
Avg. Home Price
🡱 $1,483
Median Rent

Statewide Data

🡱 4.6%
Rental Vacancy Rate
🡳 0.70%
Homeowner Vacancy Rate
🡳 2.73%
State Unemployment Rate
Metro Area Unemployment
Salt Lake City
3.2%
Provo/Orem
2.8%
Logan
2.4%
St. George
3.2%

Market Activity

Dallas, TX
Market Overview

The Texas housing market is as hot as the desert temperatures. Cities like Austin are seeing record highs for homes sold, with an 8% increase over 2020. The Texas market is arguably one of the hottest in the nation, currently.

🡱 30,745
Homes Sold
🡱 $433,789
Avg. Home Price
🡱 $1,338
Median Rent

Statewide Data

🡳 7.9%
Rental Vacancy Rate
🡱 1.2%
Homeowner Vacancy Rate
🡳 6.6%
State Unemployment Rate
Metro Area Unemployment
Dallas
6%
San Antonio
6%
Wichita Falls
6%
Corpus Christi
8.4%

Market Activity

Laramie County, WY
Market Overview

Wyoming saw a 21% leap in home prices since 2020 and homes saw an average of just 6 days on the market before selling. The average home for sale tends to sell for 8% more than asking price.

🡱 390
Homes Sold
🡱 $320,000
Avg. Home Price
🡱 $950
Median Rent

Statewide Data

🡳 7.5%
Rental Vacancy Rate
🡱 1%
Homeowner Vacancy Rate
🡳 5.4%
State Unemployment Rate
Metro Area Unemployment
Cheyenne
5.0%
Casper
7.4%

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