Well, Well, Well…
We knew it would happen. We’ve been waiting and waiting. Right now in the third week of May, 2018, the number of New Listings has finally eclipsed the number of Under Contract Listings for only the second time.
I’m not sure this is enough motivation for buyers to think they might possibly have the upper hand, but it’s a start!
From MLS Data on a moving 7 day average every Monday morning, once again, we pick up a few hints of whats to come in our Denver Metro Residential Market. Enjoy!
New Listing (1856) This is a great first step now the middle of the spring marketing season.
Back On Market (262) This is about 15% of contracts fail and come back on the market. Even this number has improved.
Price Increase (179)
Price Decrease (982)
Under Contract (1799) Still a very strong week of under contracts during a time of Prom, Mother’s day and Graduations. Well done Denver!
Sold (1621) Now this is a big week!
As we move into the summer season next month, it will be interesting to see the changes coming our way. One thing you can be sure of? We will be here every step of the way, reporting, analyzing and providing our own brand of the Denver Market Watch.
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