THE YEAR THAT HAD IT ALL
2020 was one for the ages. It had it all: A global pandemic, social unrest, an election, wild swings in the stock market, unemployment, historically low interest rates, and one of the hottest real estate markets in recent years. Despite its hardships, 2020 brought perseverance, focus, and even improvisation.
At The Group, we navigated the challenges and learned how to better serve our customers. We implemented virtual property showings, video tours, remote meetings, drive-through closings, and more. Countless precautionary steps were taken to maintain a high level of safety in our offices and business practices. We also doubled down on our core values. Our mission is to create a world where everyone prospers and our commitment to organizations such as Group Gives, United Way, and Neighbor To Neighbor has never been stronger.
We know where we live is truly a special place. We never take that for granted and are willing to do whatever we can to make it even more special. Now, more than ever, we should be grateful to have a place to call home. Home might be the house or condominium you own, the apartment you rent, or even the college dorm room you study in. We understand that for many, this is not guaranteed. We are grateful and humbled every day for the opportunities we have to serve our community.
Despite the impact of COVID-19, historically low interest rates, lack of inventory, and surging buyer activity created a robust real estate market across Northern Colorado and the United States. People spent more time at home and the marketplace responded.
Now that 2020 is officially behind us, here’s a look back at the market statistics and trends that embodied this unforgettable year.