I just completed my monthly statistical analysis measuring buyer activity by calculating the percentage of listings that are under contract.
The numbers are still amazingly high — up 20% over a year ago across the Front Range as a whole. The number of unsold homes (both active and pending) is up 16.7% from two months ago, but the number of homes under contract is also up 15.9% from two months ago, so the increase in homes available to purchase is up 17.5% overall.
Yes, I know statistics can be confusing and sometimes misleading. But they can also be useful is assessing the amount of buyer activity. The chart below shows that buyer activity has leveled off or declined slightly in the lower price ranges, but, interestingly, increased somewhat in the higher price ranges — above $600,000.
And here's a chart showing buyer activity by area and county:
If you have any questions about these statistics please call or email me.