What’s important about the residential home sales market? If you’re not buying or selling, what’s important about the residential sales market right here in Denver?  Right now?

The answer to that question is simple; JOBS. If you have a job and a home, life goes on. You go to work, you pay your bills and you maintain a level of stability in your life.  Of course along the way, you have some fun too!

Let’s take a look at this week’s MLS data and catch a glimpse of what’s happened, and what might be happening.

New Listing (1429)  Seasonally typical.
Back On Market (259)
Price Increase (100)
Price Decrease (1606)  Not as bad as last week!
Under Contract (1363)
Withdrawn (230)
Leased (37)
Sold (1209)  The seasonal effects are visible here.
Expired (343)  This number is telling us something.  Seller fatigue?

Overall, this is not an extremely telling week.  All our numbers are off a little bit this week.  Maybe it’s the election, maybe its interest rates or maybe it’s Russia, China, Saudi, etc.  As they say, “predicting the future is for fools and newcomers”.  None of us profess to being foolish, but we all try to predict the events to come.  Wouldn’t it be great if we could do a better job of it.

With all this being said, The Cryer Team is here for you.  To answer your real estate questions, assist with your planning and looking out into 2019, now is a great time to make a plan.  What’s important to you?  We’ll be here for you, just give us a call….tc