The COVID-19 Impact on Open Houses and Showings

The rapidly-changing environment surrounding the Coronavirus pandemic has generated a lot of questions among Colorado real estate professionals.

First, many brokers have requested stats about Open Houses and Showings since the pandemic response began.

Showings

ShowingTime has reported a significant drop in showings scheduled in the last week alone on both a national scale and across REcolorado customers. The chart below is updated daily by ShowingTime.

To facilitate the safest possible showings for all concerned, ShowingTime will be switching to “No Overlapping Showings” by default for all current and new listings, effective 7 p.m. on March 25th.

Open Houses

On March 26, REcolorado decided to temporarily disable the ability to enter open houses in REcolorado Matrix beginning immediately. Scheduled open houses will be removed and the listing broker will be notified. This will remain in effect until concern over the coronavirus pandemic eases and the restriction can be lifted.

Prior to this decision, we saw a significant drop in scheduled Open Houses in REcolorado Matrix* compared to this time last year.

As of March 18, 2020, only 805 open houses were listed in REcolorado Matrix between March 19 and 31, compared to 2291 during the same period last year. Both periods include two full weekends.

Open Houses in REcolorado Matrix March 19-31

Weekends typically see the most scheduled open houses. For the fourth weekend in March (March 21-22, 2020), there were 445** open houses scheduled compared to 1063 during the fourth weekend in March last year (March 23-24, 2019).

Open houses in REcolorado Matrix March Weekends

For the last weekend in March (March 28-29, 2020), only 123 open houses are scheduled compared to 1004 last year (March 30-31, 2019).

Next, brokers want to know what to expect and if REcolorado is making any changes.

What’s Next?

MLSs across the country are responding to the Coronavirus in different ways. REcolorado decided to temporarily disable the ability to enter open houses in REcolorado Matrix. At this time, REcolorado is not making changes to the ability to schedule showings. If that changes, we’ll let you know right away. See the latest REcolorado updates related to COVID-19.

If you choose to conduct open houses or showings, please do so safely. The National Association of REALTORS® published a guide for real estate professionals with useful information. Be informed so you can be safe and make the best decision for you, your business, and your clients.


*All stats pulled on March 18, 2020. 2020 numbers reflect scheduled future open houses.

**Updated on March 23, 2020, to reflect actual open houses this weekend.