As you might imagine, market activity took a brief pause last week before resuming. Things are not the same, and for many in our community, will never be the same. Healing takes compassion, reflection, and time. At House Einstein, we’re weighing how to best support our community, which will likely come in the form of increased giving or direct service. 

As far as the real estate market goes, it’s time to resume our work. We’re still gathering complete data for March and the first quarter, which will almost certainly show a majority of homes selling for asking or more. We personally participated in several +$100K over asking bidding wars during the quarter, but I prefer to analyze the data instead of talking about our anecdotal experiences. Stay tuned for an analysis, likely next week. 

For now, look to pending sales as a leading indicator: As of this writing, there are just under 1,200 properties listed in Boulder County (inclusive of all cities). 54% or under contract. Denver County has 2,639 properties on the market with 66% under contract. A balanced market is considered to have about six months of a supply. We have less than two, not just in the usual hot spots, across the entire region. These are phenomenal market conditions.