Showings are back on in Colorado. Here are the RE trends for the first week of May 2020 vs same week 2019. HUGE rebound! Better than expected. Attached below is the Your Castle RE Trends Report.
UNDER $300K
- Showings are back to last year’s rates
- New listings doubled from last few weeks; plenty of homes to look at
- UC count more than doubled; getting close to last year’s run rate!
- Closings still depressed and will be for 2-4 weeks while all of these newly UC deals work their way through
- Withdrawn listing count below last year
- Every indicator consistent with recovery as we expected, just stronger than I had hoped.
$300K – $500K
- Showings are ABOVE last year’s rates
- New listings up 2.5x from last few weeks; plenty of homes to look at
- UC count more than doubled; getting close to last year’s run rate!
- Closings went up some; but will be low for 2-4 weeks while all of these newly UC deals work their way through
- Withdrawn listing count below last year
- Every indicator consistent with recovery as we expected, just stronger than I had hoped.
$500K – $900K
- Showings are ABOVE last year’s rates; tripled overnight.
- New listings tripled from last few weeks; plenty of homes to look at
- UC count more than doubled; getting close to last year’s run rate!
- Closings still depressed and will be for 2-4 weeks while all of these newly UC deals work their way through
- Withdrawn listing count below last year
- Every indicator consistent with recovery as we expected, just stronger than I had hoped.
$900K+ luxury
- Showings up 70% from anemic performance for a month; still below last year but improving
- New listings about tripled from last few weeks; LOTS of homes to look at
- UC count more than doubled; still below last year’s run rate though
- Closings still depressed and will be a while before recovering, I think
- Withdrawn listing count ABOVE last year (all other price segments were below)