SMDRA WEEKLY NEWS & EVENTS • MARCH 19, 2021
Sellers Entrenched in the Driver's Seat as Scarce Housing Inventory Pushes Offers, Concessions and Median Prices to All-Time Highs Statewide
Colorado home sellers remain firmly entrenched in the driver’s seat as the inventory of homes available for purchase dropped to all-time lows across the Denver metro area and state, according to the February 2021 housing data from the Colorado Association of REALTORS® (CAR). At the same time, low interest rates and frenzied competition from a high volume of buyers continued to push pricing, concessions and above-asking-price offers to levels not seen by even the most veteran REALTOR® professionals.
NEXT WEEK EDUCATION @SMDRA
SMDRA classes will be held on the Zoom online platform in a “Live Online Instructor-Led” format until further notice. Please visit www.smdra.com to view the calendar and register.
ONLINE Google My Business 301
Mar 23 - 10am to 11am
Members Free / $20 Others
No CE Credits
ONLINE GRI 108: Finance in Real Estate
Mar 23 - 12pm to 4pm
$50 for Everyone
4 CE Credits
ONLINE Resolving Inspections Contractually
Mar 25 - 9am to 11am
Members Free / $30 Others
2 CE Credits
ONLINE 2021 Annual Commission Update
Mar 25 - 12pm to 4pm
Members Free / $50 Others
4 CE Credits
ONLINE In-Depth Contract Review
Apr 1 - 9am to 4pm
Members Free / $60 Others
6 CE Credits
ONLINE Become a Listing Machine Working FSBOs & Expireds
Apr 6 - 9am to 11am
Members Free / $30 Others
No CE Credits
SUPPORT THOSE WHO SUPPORT YOU!
This edition of the SMDRA Weekly Newsletter is made possible by the following businesses:
SAVE THE DATE
ONLINE Zoom:
SMDRA Affiliate Orientation
DATE: Friday, March 19, 2021
TIME: 10:30am
LOCATION: Online Zoom Format
SPEAKER: SMDRA Leadership

DESCRIPTION: Learn how the ins and outs of the SMDRA Affiliate Program to get the MOST out of your Membership. This session is geared towards new Affiliate members, but all are welcome to join in and learn! THIS WILL BE AN ONLINE ZOOM EVENT
ONLINE Friday Fuze: CAR LPC'S REALTOR Legislative Update
DATE: Friday, April 2, 2021
TIME: 8:30am to 9:30am
LOCATION: Online Zoom Format
SPEAKER: Janet Marlow; CAR LPC Panelists: Aaron Ravdin, David Barber and Jay Brown

DESCRIPTION: The Colorado Legislature is in session. Find out what happened in Colorado’s legislative session this week and how it impacts your business. Get tools to keep your clients in the know!

2021 Diamond Circle Awards
April 30, 2021
DATE: Friday, April 30, 2021
TIME: All Day
LOCATION: Virtual

DESCRIPTION: The 2021 Diamond Circle Awards is Friday, April 30, 2021. Come and celebrate! Join us for our absolute biggest event of the year as we honor SMDRA’s Top Producers in the South Metro Denver REALTOR® Association. 

2021 Diamond Circle Silent Auction
This year’s Silent Auction benefits REbuilding Together Metro Denver (RTMD). RTMD believes everyone deserves a safe and healthy home. Their mission is repairing homes, revitalizing communities, rebuilding lives. Their vision is safe homes and communities for everyone.
MARKET TRENDS & STATISTICS
Get the SMDRA Market Trends & Statistics for February 2021
March 12, 2021 Video Edition
CLICK THE IMAGE A short video from Michael Robertson (right) and Matt Long (left), Members of the SMDRA Statistic Committee, discussing Jan 2021 South Metro Denver Real Estate Market Statistics - March 12, 2021

Click the button below to download the latest statistic files.
REALTOR REPORT
A SentriKey Showing Service
Key Facts
SentriLock®
SentriLock is releasing one of the most anticipated products in the real estate industry – SentriKey Showing Service™. It will be available to SentriLock lockbox customers on March 31, 2021. It’s the first (and only) integrated solution for managing showings, property access, and client communication. It’s built to help your members stay organized, spend more time selling, and deliver great client experiences. We’re pretty pumped about it … and hope you are, too!
NAR Study: Young Adults
Eagerly Entering, Dominating Housing Market
National Association of REALTORS®
First-time home buyers are swooning over housing. Millennials are comprising the largest share of buyers at 37%, shows the National Association of REALTORS®’ newly released 2021 Home Buyer and Seller Generational Trends report. The youngest buying generation Gen Z—is also starting to emerge. The majority of millennials and Gen Z buyers are first-time home buyers and are increasingly relying on real estate professionals to navigate their home-buying debut in what has become a very competitive housing market during a pandemic.
InfoSparks and FastStats Now Include BOTH REcolorado and IRES Listings
REcolorado Blog
Understanding market trends is an important part of serving your clients and complete market data is key, which is why we’re so excited to announce another benefit of our Data Exchange and Integration partnership with IRES. InfoSparks and FastStats now include both REcolorado and
IRES listings.
NAR's 30 Under 30 Finalists:
2 of the 50 Finalist
Are SMDRA Members!
Colorado Association of REALTORS®
YOU CAN HELP!! Members of the public can help one of these finalists make it into the 30 Under 30 class of 2021. Online voting in the Web Choice Award contest starts Friday, March 12, at noon CDT and closes Friday, March 19, at noon CDT. You can cast a vote for a finalist by giving them a “like.” (A free login account is required.) Participants can vote once each day per candidate.

The finalist who receives the most votes is guaranteed a spot in this year’s 30 Under 30, will be named the Web Choice Award winner, and will receive special recognition in an online article. Judges will select the other 29 honorees from the field of finalists. This year’s 30 under 30 honorees, along with the Web Choice winner, will be announced on Monday, March 22, on the 30 Under 30 home page and will be featured in the May-June print issue of REALTOR® Magazine.
SUPPORT THOSE WHO SUPPORT YOU!
This edition of the SMDRA Weekly Newsletter is made possible by the following businesses:
SMDRA STORIES
SMDRA COVID-19 Resource Web Page - Stay Home! Stay Safe!
Have you checked out the SMDRA COVID-19 Resource Page on smdra.com? During the COVID-19 ‘Stay at Home Executive Order’, it’s important that you check in with your network and be of service to your clients. We created and collected several fun, inspiring and educational assets for you to share with your clients, colleagues, and your community.

Resources just for YOU!
Commitment to Excellence
Launched in November 2018, the Commitment to Excellence Program sets the standard for what it means to be a professional in the real estate brokerage business. The C2EX endorsement is available only to REALTORS®. It is earned through a self-directed program that enables real estate professionals to assess and build on their competency in each of the core areas.
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