According to the Denver Business Journal’s article, the Denver metro area’s population is expected to increase from 2,814,330 in 2015 to 4,288,189 in 2040. Colorado’s net population growth is averaging ~50,000 people annually. To meet the 2040 projection, that number would need to be ~35,000 people annually. Not everyone moves into the Denver metro area, but 4 million still seems very likely.
We have very low inventory.
We have a strong economy and job market.
Barring a significant global event or a drastic change in inventory (7-8x what we have now), prices have to continue going up. It’s simple supply and demand.
If you have any questions or if you’re thinking about a move, don’t hesitate to contact us!