#DenverMarketWatch 1/17/2018

Supply vs. Demand

Supply vs. Demand

OK, we’re back to putting more under contract that we list.  Dee and I have been fielding calls during these first two weeks of the year from potential buyers.  Where are our sellers?  We need listings!

As you can see below, we placed 400 more listings under contract than came to the market.  This is killing us for our buyers.  If you have any intention of selling Denver Real Estate in 2018, now is the time to get started.

New Listing (890)  This is too low!  WE NEED LISTINGS…
Back On Market (188)
Price Increase (202)
Price Decrease (432)
Under Contract (1312)  400 More than new listings, NO SUPPLY…
Withdrawn (136)
Leased (32)
Sold (947)  Strong first couple of weeks in this new year.  More to come…
Expired (228)

As we move into 2018, let’s keep an eye on this phenomenon.  If supply goes much lower, there will be bidding wars like never before.  I can’t over emphasize what a great time it is to be a seller.

As always, this data is straight from our MLS System.


About Tom & Dee Cryer

Your Trusted Advisors in the Homeownership Business! TheCryerTeam@Kentwood.com
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