When a National Holiday divides a week like it did last week, it is impossible to predict what might happen in our market, but it had a HUGE impact.  Look at those numbers!

Denver MLS Weekly Report

New Listing (1416) Certainly a slow week here!
Back On Market (308) We had one of these, buyers are crazy right now!
Price Increase (225)
Price Decrease (1042) As we move later in the year, this number will grow.
Under Contract (1566) Not a bad week, but nothing like the last two weeks.
Withdrawn (163)
Leased (39)
Sold (1386) This is a particularly slow week based on recent weeks.
Expired (257)

Moving forward, we are anecdotally observing some build up of inventory in our perimeter markets particularly in our higher priced markets.  Close in under $500K still remains strong when well presented and well located.  If I was going to predict the future, I would predict that by year’s end, we will be experiencing a well defined “bifurcated market”.  This means price range and location will be the defining characteristics as to how “hot” said market is.

As always though, if you have any questions, concerns or just need an interested party to help you out, please, give us a call…tc