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Since Denver has always been considered a bellwether city, Gary Bauer, chairman of Metrolist, spoke to 9NEWS about the impressive year Denver had in the real-estate market.

"Consistently, all through this year, we have ranked in the Denver market in the No. 5 position and that has been extremely positive for us," Bauer said.

He thinks Colorado was the first to enter the recession, which contributed to why the state recovered so quickly.

"There was a pent-up buyer demand that started at the beginning of this year and has continued every month since," Bauer said.

He thinks the Denver market will continue to see improvement in real estate.