REAL ESTATE OVERVIEW
JANUARY - J ULY 2 0 2 0
It’s no surprise that the pandemic impacted not just home sales, but also the way Compass serves its clients. When shelter- in-place was ordered on March 25, 2020, real estate activity dramatically shifted. The number of home closings dropped, and new home searches significantly slowed. Our agents, powered by the nimble and robust Compass technology platform, didn't miss a beat in being able to deliver a consistent client experience despite these challenges. While the imposed stay at home order significantly reduced typical spring market activity, Boulder quickly found its footing again in mid-May once shelter-in-place was lifted.
from large urban cities— a reflection of evolving priorities that have come to light over the course of the pandemic. With so many now living a home-centered life, what was once important in a home has shifted. Buyer needs included features to address this such as home offices, pools and private backyards. Also, those that never thought they'd leave city centers were now open to suburban choices, which provided more privacy and space. The short-term impact is clear: buyer demand is high, inventory is low across all housing types in Boulder, and it’s a seller’s market. The long-term impact is less clear, but our expert agent advisors have everything they need to help guide you through your home buying and selling decisions, and would be honored to do so.
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Additionally, Colorado saw an influx of buyers relocating from other states—often
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