Colorado Association of REALTORS | Economic Impact of a Home Sale
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Economic Impact of a Home Sale

Dec 20 2019

Economic Impact of a Home Sale

Communities, REALTOR® News, Stats & Trends

How is the housing market in your state affecting the local economy? The National Association of REALTORS® recently released a report outlining the total economic impact of real estate related industries on the economy of each state, 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. Find out how much the real estate industry is affecting the gross state product

In Colorado, the total economic impact of a home sale in 2018 was $129,045. Read the full report on Colorado to find out how much the real estate industry is affecting the gross state product. NAR data on other states are available here.

Statistics for the country as a whole: United States

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The Colorado Association of REALTORS® is the state’s largest professional, voluntary, non-profit, real estate trade association that is dedicated to serving more than 26,000 REALTOR® members across the state. Read More

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