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    8z Market Update: 6/15 – 6/21

     

    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 15th to Sunday, June 21st.

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

    New Listings: 2808 – Down 5% from prior week                Properties Under Contract: 3699 – Up 4% from prior week

    Properties Withdrawn: 320 – Up 5% from prior week       Properties Sold: 2427 – Up 22% from prior week  

    Another week of data that supports the rebound and recovery of the COVID market disruption.  In most areas along the front range, real estate listings, under-contract transactions, and sales are back to being on par and in some categories greater than at this time in 2019.

    The continued message is that the inventory of available homes for sale is very low, and continues to be a factor in market values as demand to purchase remains high.

    This past week had the highest number of homes under contract and homes sold since the beginning of the COVID disruption.

    Next week we will summarize the rebound in our local market as we close out the month of June.

    If you are in the market to buy or sell a home, please reach out to me.  At 8z Real Estate, we have been following the market data and trends, and have the knowledge and local market strategies to best assist you in your real estate goals.

     

     

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