#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Withdrawn (136)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.

 

Advertisements

About Tom & Dee Cryer

Your Friends in the Homeownership Business!
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s