Once again, another week rolls by, and the #DenverMarketWatch is paying close attention to inventory, interest rates and the mood of the market.
Look at that Under Contract number. It is closing in on a week of 2,000 contracts. So close! Let’s see if we make it next week.
Everything we’ve attempted to write on in the last month under $500K has been a multiple offer situation. We have noticed a possible trend. That “#CashBuyer” appears to be disappearing a bit from the market. We are still hearing strong buyer, good down payment buyer, high credit score buyer, etc. But, that #CashBuyer term is not being used as much.
New Listing (1638) This is a strong week. Bring on the inventory!
Back On Market (266)
Price Increase (164)
Price Decrease (928)
Under Contract (1961) Waiting to break 2,000. Maybe next week.
Sold (1359) No issues here; another strong week.
We are so fortunate to live so close to so many treasures. Sometimes we just need to walk out to the edge and experience the view, the echo, the wind, the bird of prey flying overhead or simply the peace and quiet. It’s a good life!