The phrase “new normal” is being applied to anything and everything right now, including to define what daily life in 2020 looks like amid COVID-19. From wearing face masks in public to socializing from six feet away, society is adapting to the rather unusual circumstances.
COVID-19 and the Metro-Denver Housing Market - April 2020
April is typically prime time for real estate, the spring market is in full swing with fresh new listings and buyers are out in full force. That was not the case this April as Metro Denver’s housing market saw a major decline with home showings dropping to a record low mid-April due to the Stay-at-Home order. Many sellers decided to wait out the crisis as there were only 4,679 new listings on the market, down 37.82 percent compared to April of 2019.
Denver Housing and the Coronavirus
While the financial markets continue to struggle with fears of the Coronavirus, real estate stayed strong in Metro Denver during the month of February. 5,122 new listings came on the market in February, up 5.56 percent from the month prior which saw a massive month-over-month increase. Home sales were up 3.16 percent in February so the month ended with only 4,835 active listings, down 2.15 percent from January and 19.64 percent year over year.