Mondays are always better when the @Broncos win over the weekend. So let’s talk about something new and different today.
First, I would like direct your attention to the weekly MLS numbers presented below. Moving toward the end of summer and now focusing on fall, these numbers are very strong except for the number of Price Decreases.
New Listing (1636) This is a very healthy number!
Back On Market (302)
Price Increase (102)
Price Decrease (1463) As noted last week, this number is very telling.
Under Contract (1631) Very strong number!
Sold (1483) This is not a record, but it is a strong steady week.
Looking forward into late summer, and fall, What is the market telling us? I think the number one thing we are being told is the numbers don’t lie. For many weeks now, Sellers have had to adjust their thinking and improve their prices. These price reductions as reported last week are an indication of future trends as well as historical data.
This week’s report is the last in August. As we turn the corner into September, we will be keeping a keen eye out for you and bringing the latest market news every week. So, Subscribe, Follow, Like and Connect. We’ll keep a light on for you!
Dee and Tom Cryer 303-773-3399, we will call you back! In the meantime, please get after all those fall chores!