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Market Review February 4th, 2022

Posted by Megan Aller on February 4, 2022
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First American Title
Metro Denver Market Review
Coming soons up 25.6% week over week.
For the last week of data pending transactions fell to 961 units which represents a -4.8% decline week over week and for the same week vs. one year ago we are down -24.9%. This is in large part due to inventory only being 1,138 units for sale which is down -5.6% from the previous week and down -47.2% from one year ago. The good news is though, coming soons are up 25.6% from the previous week and up 74% from one year ago. Hopefully more inventory will continue to make it’s way to the market as we head deeper into 2022.
Following the 3 strike rule for price reductions for new listings from last week:
Strike 1- There was an average of 22.5 shows per listing.
Strike 2- 27 showings yielded a contract.
Strike 3- 50% of homes were under contract in 4 days.

If your listing did not meet this criteria you may have missed the pricing sweet spot.

DOWNLOAD REPORT ›
The report link is taking a bit longer to update due to current work volume, but you can access the full weekly report here: https://bit.ly/3rqEoRe

To catch today’s recording click here: https://bit.ly/3rpx8Fq

To register for the remainder of February’s market updates do that here: https://bit.ly/3L6zBwp

We hope to see you soon at First American’s closing tables!

Megan Aller
Account Executive
MOBILE 720.229.6641
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First American Title Insurance Company
9000 East Pima Center Parkway Scottsdale,AZ, 85258 United States

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