The real estate market in Colorado hasn’t really seen a dip in too many indicators. One thing that we saw drop immediately was the number of showings nationwide. They are 1/2 of what they were last year this time. The one good thing we are seeing is listings come on the market. Although they are not hitting the market as fast as they normally would in this time of the year there is still new inventory everyday. Real estate is a lagging indicator of the overall economy. In 2008 we saw the housing market just collapse overnight. That is not the case here. Although the DOW has lost some value and that may get a few people out of the real estate market just do to qualifying.

UPDATE:

DORA and CAR along with the Colorado attorney general have concluded that real estate agents and transactions are still essential BUT….. Have concluded that in person home previews and showings are NOT essential. It changes the game for sure but Orson Hill Realty has changed their business model to accommodate these new challenges. 303-503-8793