#DenverMarketWatch 1/29/2018

Bullish on Homeownership

Bullish on Homeownership

Wow!  Let me apologize right up front.  What more can I say.  This market is not letting up.  Take a moment and look at our MLS activity over the last 7 days.  Remember, this is January, the first month of the year.  Yes, we are still bullish on the market.  All the signs are present.

New Listing (910)  This is way too low for a market heading into a spring selling season!
Back On Market (146)
Price Increase (120)
Price Decrease (374)
Under Contract (1325)  400 More contracts than New Listings.  We will run short of inventory again this year.
Withdrawn (102)
Leased (24)
Sold (746)  Typically, there is a +/-30 closing window.  There was some major activity during the holiday season.
Expired (147)  We keep this from happening by offering our sellers a unique tracking system taking all the major real estate sites into consideration.

When all is said and done, the Denver Market is setting itself up again for another run of short supply, multiple offer activity and price appreciation.

Rates are still low, rents are still high.  It just might be the time to be a seller and a buyer.  This is a great move-up market!

About Tom & Dee Cryer

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