OVER THE COMING WEEKS
Each week we are tracking the four most crucial leading indicators of weekly market activity compared with the previous three years. This information will provide timely insight on market performance, allowing you to make the most informed decisions.
Four leading Market Indicators:
- # of new homes listed for sale the prior week
- # of homes that went under contract the prior week
- # of homes that close in a week
- # of showings per home and total home showings in the Denver metro area
These activities tell us how buyers and sellers are actually behaving in real time and predict likely market results over the next few weeks.
We are also tracking two lagging indicators weekly, 1) Average Sales Price and 2) Days On Market.