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    8z Market Update: 4/13 – 4/19

    We are just past 1 month since the COVID-19 disruption began in Colorado.  The front range real estate market has seen some change as a result.  As promised, here is the weekly snapshot of key market data across the front range to give you a better sense of what’s happening in our market, without prognostication or conjecture. Just the facts.

    The following are critical market indicators for the Week of Monday, April 13th to Sunday, April 19th.

    Data compiled from each of the three major MLS providers on the Front Range

    New Listings: 1334 – Down 17% from prior week                 Properties Under Contract:1385 – Down 6% from prior week

    Properties Withdrawn: 384 – Down 24% from prior week       Properties Sold: 1617 – Up 22% from prior week                 

    Agents and consumers are adjusting to stay-at-home restrictions yet are still buying and selling real estate, albeit at a slightly lower volume than typical for this time of year.

    Real estate closings on the front range are up from last week.  1617 buyers, sellers, and their respective agents along the front range worked through the disruptions and challenges in the market to make it to the closing table last week.  That is encouraging and welcome news.

    Again, we look forward to updating you again next week on the state of the market, or even sooner if anything changes that require a more timely update.

     

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