How Quickly The World Has Changed [Denver Market Analysis]

This morning, the Denver Post published an interesting article about the changes happening in Colorado's real estate market caused by the Covid19 epidemic. The sensational headline was about the number of listings that have been withdrawn during the past two weeks, based on an analysis from the Denver Metro Association of Realtors for 11 countiesThe article states that hundreds of listings have been withdrawn from the market, but ignores the surprisingly high absorption rate during the past two weeks. 

Yesterday, we analyzed the Boulder market by price range. The conclusion was that certain price ranges are still seeing high absorption rates. Today, let's look at what happened to new listings that hit the market during the past two weeks in Denver

Check out the video below. 

For historical reference, executive orders were issued during the past two weeks that locked down the City of Denver and the entire state of Colorado. Lockdown orders have been issued in cities and states across the country and around the world. It's been a period of near non-stop, in-depth coverage of the virus's impact. 

Osman Parvez  is the Founder and Employing Broker of House Einstein. Originally from the Finger Lakes region of New York, he lives in Boulder with his wife and their Labrador Retriever. He has been a Realtor since 2005.

Osman is the primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has also appeared in many other blogs about Boulder as well as mainstream newspapers, including the Wall Street Journal and Daily Camera. For more information, click HERE.

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The ideas and strategies described in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties. House Einstein strongly recommends conducting rigorous due diligence and obtaining professional advice before buying or selling real estate. Image: Cassie Gallegos.  

Please Note

This document contains forward-looking statements. You are strongly cautioned that investment results are subject to business, economic and other uncertainties. There are no guarantees associated with any forecast and the opinions stated here are subject to change at any time. Always consult your financial advisor before making an investment decision.