{"id":440,"date":"2021-01-14T12:31:22","date_gmt":"2021-01-14T12:31:22","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=440"},"modified":"2023-03-10T08:14:12","modified_gmt":"2023-03-10T08:14:12","slug":"denver-housing-market-trends-winter-2021","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/denver-housing-market-trends-winter-2021\/","title":{"rendered":"Denver Housing Market Trends &#8211; Winter 2021"},"content":{"rendered":"<h2>Positive Signs Emerge During Third Quarter<\/h2>\n<p>Denver\u2019s multifamily market is looking to restore some stability after a rough 2020. Rent gains were spotty across the map, but the average remained flat on a trailing three-month basis for the second consecutive month in November at $1,544\u2014above the $1,465 national figure.<\/p>\n<p>Prior to the pandemic, Denver\u2019s economic environment had been attracting residents and businesses alike, which helped create a diverse economy. This helped it better withstand the health crisis, making it one of the metros with the fewest job losses in the country during the recovery stage. Unemployment fell to 6.5% in September and preliminary data for October pointed to stagnation, but a recent spike in coronavirus cases could affect the local economy as new restrictions were enforced in November. Employment growth was down 6.5% in the 12 months ending in September, outperforming the -9.3% national average. Three sectors added jobs during the period, including the metro\u2019s economic driver, professional and business services, which climbed 0.6%.<\/p>\n<p>Despite safety measures, development activity remained high\u2014developers brought online 11,728 units in 2020 through November and had another 19,406 underway. Meanwhile, transactions picked up in the third quarter and totaled nearly $3.4 billion, for an average price per unit that slid 4.4% to $231,244.<\/p>\n<p>Read the full <a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/1178-MatrixMultifamilyDenverReport-Winter2021?utm_source=Matrix-Blog&amp;utm_medium=Social\"><strong>Matrix Multifamily Denver Report-Winter 2021<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Positive Signs Emerge During Third Quarter Denver\u2019s multifamily market is looking to restore some stability after a rough 2020. Rent gains were spotty across the map, but the average remained flat on a trailing three-month basis for the second consecutive month in November at $1,544\u2014above the $1,465 national figure. Prior to the pandemic, Denver\u2019s economic [&hellip;]<\/p>\n","protected":false},"author":650,"featured_media":441,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,4],"tags":[453,221],"class_list":["post-440","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro-reports","category-multifamily-market","category-real-estate-trends","tag-denver","tag-multifamily-outlook-2021"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Denver Housing Market Trends - Winter 2021 - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Denver\u2019s multifamily market is looking to restore some stability after a rough 2020. Rent gains were spotty across the map, but the average remained flat on a trailing three-month basis.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yardimatrix.com\/blog\/denver-housing-market-trends-winter-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Denver Housing Market Trends - Winter 2021\" \/>\n<meta property=\"og:description\" content=\"Denver\u2019s multifamily market is looking to restore some stability after a rough 2020. Rent gains were spotty across the map, but the average remained flat on a trailing three-month basis.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/denver-housing-market-trends-winter-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-14T12:31:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-10T08:14:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2021\/02\/Denver-Winter-2021-iStock-1287240453.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"lilianam\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Anca Gagiuc\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Denver Housing Market Trends - Winter 2021 - Yardi Matrix Blog","description":"Denver\u2019s multifamily market is looking to restore some stability after a rough 2020. 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