This market is great for sellers! Active listings are down (35%) and contracts are up 36%. Demand is high and inventory is low. We need more homes to sell!
Very interesting data for the Denver Metro area in July! Showings remained strong. Listings are down nearly (28%) YOY. Contracts are up 25%. Sales are up 18%. Days on market are averaging 26 days, and the months of inventory stayed at 1 month.
Commercial Real Estate has several property types. Industrial properties are holding up much better than other property types in Denver. This video highlights many key details for Q2 2020.
There is no surprise that the retail property type in commercial real estate has been hit hard by COVID-19 but it is fairing better than office. The months of inventory has ballooned to 17.2 months, and we had a negative net absorption of (358K) sf in Q2. Check out this and other key market indicators.
Office is a major property type in commercial real estate, and we are facing some major headwinds in Denver. We have had a negative net absorption of nearly 1.3M square feet YTD.
Commercial Real Estate has several property types. Multi-family properties are holding up much better than Retail and Office in Denver. This video highlights many key details for Q2 2020.