A good gauge of market strength is the number of showings that are being set up by listing offices. Roughly 2/3 of the offices (a guess) set up showings using our MLS providers showing service. These showings are searchable by area and time frame and gives an interesting frame of reference on where the action is taking place.
The weather finally broke a few weeks ago and it has been great to see the ground clear of snow. It looks like the buyers are liking it as well. During the seven days starting January 15th there were 749 total showings for single family homes in Boulder, Louisville, Lafayette, Superior and Longmont. During the first week of February we were had 687 showings, the second week 829 and the third week 1,007 showings. There were 46% more showings the third week than the first week!
I also searched by price range for the month to see how many showings the average listing had per price range.
- Less than $200,000 2.26 showings thus far in February
- $200,001 – $400,000 2.56 showings thus far in February
- $400,001 – $600,000 2.70 showings thus far in February
- $600,001 – $800,000 2.05 showings thus far in February
- $800,001 – $1,000,000 1.12 showings thus far in February
- Greater than $1,000,000 1.13 showings thus far in February
Not many showings per listing for a three and a half week period but, as I mentioned before this does not represent all of the showings set during the month but it does give a good comparison across time, area and price range. It seems like the market is heating up a bit.