Here are market updates from REColorado for February 2019:
- Number of active listings at the end of Feb up 39% from the same time in 2018
- Inventory had been up about 50% on 1/1/19 vs. 1/1/18
- Great to see the trend to more inventory isn’t going away
- Under Contract is up 6% from same time last year
- Last Jan and Feb were pretty slow (as far as number of units sold)
- Sold listings:
- Down 4% for Jan ’19 vs Jan ‘18
- Flat for Feb ’19 vs Feb ‘20
- With more inventory, there should be fewer multiple offer situations
- Days on Market:
- Up from 32 days to 39 days
- As we discussed at the company meeting, DOM should continue to drift up
- Be sure to discuss this at your listing appointments!
- Price:
- Median about flat.
- Big change from the 8-10% gains we had been having
