In any market, perspective is important. What was, What is and What will be. That’s what we try to do here most weeks. Help you keep perspective on the Denver Residential Market.
What you will see below is directly from our Broker Side Interface with the REColorado.com.
New Listing (1354) The first week of the year, this number was 826.
Back On Market (229)
Price Increase (139)
Price Decrease (601)
Under Contract (1692) The first week of the year, this number was 822.
Sold (1118) The first week of the year, this number was 858.
As you can see, we have grown into a full fledged spring marketing season. With weekly Under Contract Listings almost doubling, it is officially “selling season”. We are observing multiple offers at almost all price levels up to and including $1M+/-.
We the actual data is reconciled at the end of each month, our number of active listings and number of closings often bi-sect when portrayed graphically. This means those “Coming Soon” signs are a real and functioning part of our market. It is almost certain as we move into spring buyers will continue to compete for fresh listings and the bidding wars will be vicious. Buyers feelings will be hurt. Sellers will be happy. One thing you can do, is follow this blog and keep up to date!
This weeks image at the top of this piece is from The Paint Mine Interpretive Park outside of Calhan, CO. It is just an hour or so SE of Denver on the “backroad” to Limon. It is worth the drive as you can see, and the trails are very much improved and apparently maintained by some of America’s Best Eagle Scouts! Remember to take time out and explore Colorful Colorado...