According to Info Sparks (which is a data resource for Northern Colorado’s multiple listing service of homes for sale), we’re seeing a significant increase in the number of properties going under contract this year. Here is a snapshot of each January since 2015:
- 2015 = 1312
- 2016 = 1349
- 2017 = 1372
- 2018 = 1495
- 2019 = 1532
- 2020 = 1769
That’s a 17.5% increase over 2019, and 30+% increase since 2015! One more trivia item for you is that 26% of properties Under Contract in January 2020 have a Year Built of 2018 or Newer, so new construction is coming on strong.
If you have questions about what’s happening in our real estate market let me know. I’m always happy to talk shop and share what I’ve learned.