The Economic Impact of a Typical Home Sale in Colorado
The National Association of REALTORS® released state-by-state reports outlining the total economic impact of real estate related industries on the state economy, as well as the expenditures that result from a single home sale, including aspects like home construction costs, real estate brokerage, mortgage lending and title insurance.
The real estate industry accounted for $70,517 million or 20.4% of the gross state product in 2017. The total economic impact in Colorado was $113,152.
For the full report for Colorado, please visit the National Association of REALTORS® website by clicking here.
For the state-by-state reports, please visit the National Association of REALTORS® website by clicking here.