Good Morning Denver Home Buyers and Home Sellers!
A few weeks ago, I mentioned we were just about to breakthrough the 2,000/week threshold. Well, this week we did it! We closed 2,037 transactions last week. Title Co’s were busy! That’s a great number, and it is completely in line with historical seasonal activity. We close more homes in June every year than we do in December.
Weekly Denver MLS Statistics Below
New Listing (1790) This has become a routine number. No surprises here.
Back On Market (319)
Price Increase (140)
Price Decrease (1304)
Under Contract (1799) Once again, no surprises here.
Sold (2037) WOW! The fruits of our labors have manifested themselves in this number. Good Work Realtors Everywhere!
As we do every (almost) Monday, we like to provide a little update and motivation. In spite of what goes on in Washington and the rest of the world, Denver continues to live in this magical world of Supply and Demand. Right now, below $500K, Demand exceeds Supply. As we move up the price scale, we see some build up of inventory, but the numbers, on an historical basis, are still very strong. No problems to report today.
Dee and I have a number of “Off Market Listings” right now. They will be coming on the market over the next 60 days. We are working on pricing, staging and market prep. If you have a special need, we may have it coming to market soon. Call us, and maybe the seller will let you in early.
In the meantime, have a great week, enjoy the merits of this special holiday. Let’s all fly a flag for our great nation!