We can officially talk about our seasonal change. Denver Market Watch has posted the weekly statistics below. It is screaming at us from at least three different voices this morning!
Over the last week, New Listings is below the average, back on the market is up a bit. Price Decrease is up substantially. Is this the seller saying, “Get it sold?” These seasonal impressions will only get more pronounced over the next few weeks. Let’s keep an eye out for these trends to continue.
Although weekly data can’t predict the future, it is a guide, and we should pay attention to it!
New Listing (952)
Back On Market (227)
Price Increase (113)
Price Decrease (932)
Under Contract (1472)
One more note: Expired, Withdrawn and Price Decrease sure appears to be painting a seasonal picture of sellers giving up and giving in to the 4th quarter tend ahead…tc