With Safer at Home clearly changing the way people think about being out and about, we’ve seen some positive steps for the Denver Metro market. With some of the restrictions loosened, and with real estate agent guideline for dealing with the virus doing the same, we’re seeing more activity.
While new listings only dropped 2.9%, active listings are DOWN almost 32% from last year. So, what’s the good news? Pending listings, a big indicator that buyers are becoming active again are up 21.3%.
While it is clearly still a Sellers market, at least Buyers are trying to buy.