As we go through this unprecedented time of “Stay and Home” orders and business closures (hopefully most of them temporary), I am providing weekly updates on how the real estate market is reacting to the changes. In this weeks video I highlight showings on homes, new contracts written, closings and new listings. The graphs in the photos are below along with links to a few local organizations who are making a direct impact in our community for those most in need. I welcome you to join me in supporting these two organizations.
Showings dropped by about one half this past week and are about one third of the usual number we see this time of year.
The number of homes that went under contract in Boulder County dropped quite a bit, but not as low as I thought they might. There are a number of buyers who need to move and they are making deals
The number of closings held steady, just about where they should be. Thanks to our great title companies and mortgage companies and other ancillary services doing great work.
Surprising to me was the large number of new listings hitting the market this past week.
Here are some links to the donation pages of Impact on Education and EFAA. Both of these organizations are doing great work in our local community.
