A Unique Time for Buyers and Sellers
April 17, 2020 | CHR WEEKLY
The supply v. demand balance in the Denver market appears to remain steady as (1) sold prices continue to edge higher (2) days-on-market for listings remains lower than the 3-year average (3) the number showings it takes for a home to go under contract is down by more than 84% (less than 5 showings), for the first time in our recorded data. This is likely a combination of virtual showings for buyers facilitated by good agents and willing sellers, and indicates that the buyers engaged in this market are extremely serious.
While the number of under-contract homes is down 50%, the number of homes coming available is down similarly, maintaining a strong seller’s market, for now.
61.43% of the homes sold in the Denver market last week sold at a price, at-or-greater-than the original asking price by the seller, leaving only 38.58% sold at a price below the original asking price.
See CHR’s incredible virtual support for sellers, below.
We currently are in unprecedented times affecting multiple industries globally and locally. The real estate industry has had to adapt and Colorado Home Realty (CHR) is at the forefront of this necessity.
People are still buying and selling homes. Even in Coronavirus times.
We continue to safely serve in the best interest of our clients. We will advise and provide customized solutions to your situation should you wish to move right now or once life begins to resume to perhaps a new state of normal.
While some agents are on hold, CHR agents are not!
Below are services we provide to help a seller gain the greatest exposure and have the best support, during times when social distancing requires more of a virtual presence than ever.
Share this Post