How many showings will a property have before it sells?
In Northern Colorado, the answer is eight.
This is according to our local MLS system called IRES which tracks the median number of showings a property has before going under contract.
This information is valuable to sellers so they can have realistic expectations while starting the process of selling their home.
It is also a useful guideline to gauge if a property is priced correctly. If a home has had more than eight showings but is not under contract yet, there may be an issue with the price and/or condition.
Counterintuitively, this statistic is lower today than it was in the hot market of 2021. Back then the median was 12 in Larimer County and 10 in Weld County.
The reason why it was higher then, even though the market was stronger, is because there were many more buyers looking at properties. Back then there were so many buyers that many homes only allowed 15-minute showing windows in order to accommodate all of the people who wanted to see homes.