Demand was strong in 2021 as buyers quickly scooped up available inventory as mortgage rates remained low. Throughout the year, New Listings struggled to keep pace with demand and, as a result, available inventory hovered at record-low levels. In 2021, the Average Closed Price for a home also hit record levels surpassing the $610,000 mark. […]
Need copies of your REcolorado statements for your 2021 tax returns? Here’s how Primary REcolorado subscribers can generate them: From your CONNECT dashboard, click the View My Statement button in the Professional Account section. You will be prompted to log in by entering your Professional Account information if you aren’t already logged in to your […]
At the close of the year 2021, demand drove year-over-year prices up while new listings struggled to keep pace. We saw record-high prices for homes across Colorado, including the Denver Metro Area. Read on to find the latest REcolorado Market Watch reports for the Denver Metro Area, Routt County, and Chaffee County. Be the Market […]
Through your REcolorado subscription, you have access to a variety of tools that help you showcase your local market expertise. From general market overviews to targeted, in-depth reports, read on for four tools that can give you the market stats info you need to best serve your clients and impress your prospects. REcolorado TrainingMarket Intel […]
Median Sort the data points from high to low, count the total number of data points and then find the middle of that total. The median tells us the middle value or, what is most commonly occurring in the market. This metric is preferred because it’s not affected by outlying data at the tail ends […]
As the team at REcolorado has reflected on the Marshall Fire, we’ve been humbled by how close to home disaster can strike. At the same time, our hearts have been warmed by the resiliency of our community and especially how real estate professionals have come together to support our neighbors. In the wake of this […]
With Matrix Productivity Reports, you can easily find comprehensive and current transaction information, generate sold market snapshots, check your individual production, view team ranking, better manage your office, and more! Reports for Brokers Listing Counts Provides a snapshot of the current number of listings by status and property type. Be a stats guru! Find out […]
You rely on REcolorado Matrix for accurate data and so do your clients. To help ensure the data in REcolorado Matrix is accurate, the REcolorado Board of Directors passed a rule in spring of 2020 that revised how productivity is attributed to teams. After the rule went into effect, teams receive credit for 100% of all transactions when the team ID is entered as the listing broker or selling broker. Key Takeaways: • Teams receive 100% credit […]
RateMyAgent understands what a review actually embodies: your hard work, long hours, heart, and soul, all for the sake of serving your clients well. Now, there is finally a way to collectively raise the bar in real estate and celebrate the agents who make our industry better. Announcing the 2022 Agent of the Year Awards! […]
What happens to my listing in the Coming Soon status? Days in MLS (DIM) does not accumulate while a listing is in Coming Soon status. Listings can manually be changed to Active before the Coming Soon period ends. How long can a listing stay in Coming Soon status? According to policy, a listing can be in Coming Soon status for up to seven (7) days. What happens to […]