Mid-Year 2020 Micro Market Report – Denver Metro
The spring is typically one of the busiest seasons for buying and selling homes within the Denver Metro marketplace. However, this year’s spring market was interrupted by COVID-19, resulting in a sharp, but brief decline in real estate activity. While the restrictions placed on real estate in the spring made an impact on the market, buyers and sellers are making up for lost time by diving head-first back into the housing market.
For the month of June, pending sales have increased by 7.2% overall and 18.8% from June 2019, according to the Metro Denver Market Report compiled by Megan Aller of First American Title. What’s more, closed sales are up month-over-month by 78.4%, showing that Denver Metro’s market is recovering from the pandemic and continuing to pick up momentum.