Grow Your Business

Turbulent Times

Posted on 03/19/2020 by Matt Hudson

Last night, we sent an email to 14,000 CHR clients. We wanted to share this same information with the Denver real estate community. 

This email included an analysis of the Denver metro market through week 10 of this year, or March 10, 2020.  For us, this was the establishment of a baseline of market performance.  We believe our real estate market will begin to see shifts from COVID-19 societal changes and resulting economic impact. 

We have identified the top 4 leading indicators for any potential market changes.

  • New listings previous 7 days
  • New under contracts previous 7 days
  • Closings previous 7 days
  • Showings previous 7 days

We are comparing week over week, relative to the last 3 years market activity. 

Stay in touch with your clients, call and care for your database and you will make it through this time, just fine. But you will have to work harder now, and with more care, than ever.  

Sincerely,

Matt Hudson. CEO – Colorado Home Realty