What I’m seeing in the Boulder real estate market this week is a continued slowing in activity. Few properties went under contract than any week in recent memory. Showings continued to decline as well. The Attorney General and the Colorado Real Estate Division have interpreted that the activities of showing property and open houses to fall outside of the essential services.
Total showings in the Boulder / Longmont by day since March 10, 2020.
Total showings in the Boulder / Longmont market by week.
This graph shows the number of homes that have gone under contract on a weekly basis over the past five years. The red line shows the dramatic effect the mandatory “stay at home” orders have had on our market.
We have seen a decrease of new listings to the market but not as much of a decrease as I would have thought given the restrictions on showings.