Showings on occupied listings have been up and running (with safety restrictions) for almost two weeks. It was a strong week of activity. 101 properties went under contract. This is down just 14 properties from the same week last year. There were 158 new listings during the week which is comparable to a normal year. Price reductions have been increasing as sellers get serious about selling, now that showings have resumed. Predictably the number of closings continues to slow. This is the result of the complete shut down in late March and April. For more information see the captions of the graphs below.
101 properties went under contract during the week in Boulder County.
New listings have climbed steadily over the past few weeks. Many sellers who had planned to list in March or April are now testing the market.
Showings for the week were active, but showed a decrease from the week before.
Showings are still much more active in the lower price ranges.
Showings happening now are the result of contracts written in March and April. We should see a decline for a few more weeks before it starts to recover.
Price reductions are a measure of the overall strength of the market. As houses stay on the market longer sellers decrease the price, trying to attract buyers.
