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. Bonus – This week we also provide end of month data for April.
The following are critical market indicators for the Week of Monday, April 27th to Sunday, May 3rd.
Data compiled from each of the three major MLS providers on the Front Range
New Listings: 2792 – Up 51% from prior week Properties Under Contract: 2581 – Up 78% from prior week
Properties Withdrawn: 300 – equal to prior week Properties Sold: 1840 – Up 29% from prior week
As Colorado eases into opening up, many serious and motivated buyers are returning to the market. Based on this activity, we believe there is more than enough demand to keep home prices at their current levels, if not up 1-2% in May. Beyond that, predictions are precarious and dependent on COVID factors and the resulting pace of economic recovery in Colorado.