The Denver Metro residential real estate market saw some very interesting changes in May. Showings have rebounded well from the COVID-19 shutdown in March and April. The active listings are down from this time last year but not by much. The pending (under contract) properties are up 117.7% compared to last month. Closings are down 43.7% compared to this time last year. We expected a sharp decline in closings because showings and contracts were down in April. The typical real estate transaction takes 30 to 35 days from the initial contract to a closing. We fully expect a big jump in June closings. The volume could easily be between 5,500 and 6,500 properties. All in all, the resale markets are showing some good resilience!