Colorado’s housing market is predicted to continue to grow in the coming years. With strong job growth and rising home prices, individuals and families are looking to buy or rent in the state. This gives developers plenty of room to build more housing, which is likely to increase average prices as well. The METRO Colorado real estate market forecasts that there will be an average of 1,000 new homes added to the market each month through 2023. This number is expected to surpass the 1,500 homes that were added in 2016. Colorado's housing market is forecast to grow at a rate of 3.5% in the next decade, according to a report released this week by the National Association of Realtors. The state's population is projected to grow by 11.3% between 2020 and 2023, and job growth is expected to contribute to the growth. The report also predicts that prices will continue to rise as demand for housing increases, making it an ideal location for those looking to invest or buy a home. Colorado is a state with a population of over 12 million people, which means there is always room for growth. The state’s economy is based on the mining and natural resources industries, so housing prices are likely to continue to rise in the coming years. In fact, many experts believe that the housing market will grow even more in the next decade.