We’re still sorting via all the ways the pandemic has changed what it means to stay in Colorado, and whether these trends will stick remains an open question. It’s clear, nevertheless, that COVID-19 offered fuel for an already-blazing demand for real estate here—and, for a lot of, turned the straightforward act of purchasing for a new place into a chaotic, frustrating, elbows-out wrestle. As the state imposed stay-at-home orders in the spring, new real estate transactions that weren’t yet under contract abruptly halted whereas the financial system nose-dived. When agents and consumers got the OK to enterprise into potential houses again—masks on and clutching hand sanitizer—experts feared enterprise would fizzle. “We really thought that this market could be horrible,” says Kelly Moye, media spokesperson for the Colorado Association of Realtors and a Boulder-area Realtor with Re/Max.
Fewer properties on the median residence price imply more buyers and fewer houses to select from. “It’s definitely more of a feeding frenzy in the more median residence price market right here in Denver,” Hankenson said. DENVER — It isn’t simple to find a residence within the Denver real estate market as stock can be sparse. These influential home buyers are answerable for the …