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    8z Market Update: 6/1 – 6/7

     

    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, June 1st to Sunday, June 7th.

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

    New Listings: 2861 – Up 14% from prior week                Properties Under Contract: 3531 – Up 6% from prior week

    Properties Withdrawn: 310 – Up 19% from prior week       Properties Sold: 1832 – Up 6% from prior week  

    It’s been two and a half months since the disruption of the COVID19 situation began its impact on the local real estate market.

    As we head into June we are seeing the rebounding and market recovery that we had hoped for.  The number of new listings, properties under contract, and properties sold are on pace with what the market saw in 2019.  I anticipate this will continue into the month of June, and we’ll continue to track the data.

    Showing properties today still involves proper safety awareness and protocols, but there is an abundant number of buyers and sellers working together with their respective real estate agents making real estate transactions and closings happen.

    Again, we look forward to updating you again next week on the state of the market and the rebound and recovery.

     

     

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