
Market Impact of COVID-19
Many of you are wondering what’s going to happen to the real estate market given the corona virus pandemic and its impact on the economy. We’re just a few weeks into this, but the data below may provide some initial insight. Effects on Showings First, as public concern with the virus and social distancing began to increase, the number of home showings in Colorado, and nationally, dropped dramatically, beginning March 11th and running through March 31st. Nationally, this leveled out at about 50% of normal by March 31st, but in Colorado there was a second steep drop beginning April 6th, with showings