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Market Review February 4th, 2022

Posted by Megan Aller on February 4, 2022
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.

The report link is taking a bit longer to update due to current work volume, but you can access the full weekly report here:

To catch today’s recording click here:

To register for the remainder of February’s market updates do that here:

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

Megan Aller
Account Executive
MOBILE 720.229.6641
First American Title Insurance Company, and the operating divisions thereof, make no express or implied warranty respecting the information presented and assume no responsibility for errors or omissions. First American, the eagle logo, First American Title, and are registered trademarks or trademarks of First American Financial Corporation and/or its affiliates.
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First American Title Insurance Company
9000 East Pima Center Parkway Scottsdale,AZ, 85258 United States

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