Colorado’s housing market got a boost in May as stringent social-distancing requirements eased. Statewide, the number of new listings rose 53 percent compared to April, according to a report from the Colorado Association of Realtors.
“Now that we are out of lockdown, we have seen buyers back in the market,” wrote Patrick Muldoon, a realtor based in Colorado Springs, in the report.
While listings are still down 15 percent from a year ago, the number of pending home sales jumped 19.7 percent, the report found. The median price for a home was roughly flat.
Metro areas including Denver and Boulder are holding up better than some mountain towns. For example, sales of single-family homes fell 87 percent in Estes Park compared to 2019, according to the report.
You want to know what is really going on these days, especially in Colorado. We can help you keep up. The Lookout is a free, daily email newsletter with news and happenings from all over Colorado. Sign up here and we will see you in the morning!