#DenverMarketWatch 3/12/2018 #GoldenAge

IMG_3698As we approach the end of 2018’s first quarter, there are some notables you should know about.

First, the trend of more Under Contract Listings each week continues to far exceed the number of New Listing each week.

Second, our Sold and Closed Listings remains strong and continues to grow as one would expect.

Finally, with all the hoopla about interest rates increasing, so far, this has been a non-event.  We are keeping a close eye on this one, but in the meantime, let’s hope they will level out and show some status quo.

Below, you will find this week’s numbers.  You can see from my comments, they continue to offer more of the same.

New Listing (1356)  (Too Few; where are the sellers?)
Back On Market (210)
Price Increase (176)
Price Decrease (523)
Under Contract (1736)  (This is a huge number!)
Withdrawn (101)
Leased (39)
Sold (1115)  (This is a sold/strong number.)
Expired (168)

In the coming weeks, I will be addressing some of the reasons we don’t have enough inventory, and why this will continue into the foreseeable future.  In the meantime, let’s take full advantage of what’s in front of us right now and enjoy!  This is truly a Golden Age of Denver Residential Real Estate.

About Tom & Dee Cryer

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