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    8z Market Update: 6/8 – 6/14

     

    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 8th to Sunday, June 14th.

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

    New Listings: 2953 – Up 3% from prior week                Properties Under Contract: 3561 – Up 1% from prior week

    Properties Withdrawn: 304 – Down 2% from prior week       Properties Sold: 1988 – Up 9% from prior week  

    Another week of data that supports the rebound and recovery of the COVID market disruption.

    The front range real estate market is still low on inventory.  For the past month, the number of under-contract sales has exceeded the number of homes coming on the market for sale, resulting in even further low inventory for home buyers.

    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.

    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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