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    8z Market Update: 4/20 – 4/26

    Another week of “Stay at Home” real estate data is in. Here is a 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 20th to Sunday, April 26th.

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

    New Listings: 1852 – Up 38% from prior week                       Properties Under Contract: 1447 – Up 4% from prior week

    Properties Withdrawn: 301 – Down 22% from prior week     Properties Sold: 1424 – Down 12% from prior week

    As soon as the Governor referenced that the state would begin phasing into  “Safer at Home” restrictions, the real estate market took notice.  Listings up 38% shows that a growing group of sellers are ready for the spring market.

    Sales were down from last week but with this next week being the end of the month I expect to see a decent increase in sales when I report back to you next week.

    Here is another stat/graph that helps indicate the direction the market is moving.  Showings.  We are seeing an immediate upward trend as buyers are being allowed in many counties to use proper and safe precautions to see houses in person again.

     

    At 8z Real Estate we take don’t take this opportunity lightly. We aim to be industry leaders, and your safety and the opportunity to purchase or sell a home in a safe manner is our highest priority and focus.

    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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