We ended 2018 with 7,530 Active Listing on the market with December logging in 3,732 closings in the Denver Metro Residential Market. With 52,132 total closings for 2018, this logs at least 5 consecutive years of more than 50,000 sales. In spite of all the headlines about a “shortage of inventory” and now the new headlines about the coming market of “oversupply”, the truth is always in the facts. Denver’s residential market is in a healthy place. It may be moving toward a balance in our hottest neighborhoods, but clearly buyers have a choice now. They don’t have to settle for the first house that comes up. There is a new rational trend emerging with a new “fairness” arriving. This my friends is a good thing!
Well, well, well, our first week of the year reflects a little bit of a New Year’s hangover. With that being said, look closely, we still put more homes under contract than we put on the market. The more we talk about this market, the more this market just does what it wants to do.
New Listing (719) This is not a particularly busy week.
Back On Market (212) Sellers saying, “Let’s try one more time…”
Price Increase (68)
Price Decrease (563) Sellers’ saying, “OK, let’s get on with it already…”
Under Contract (725) We still put more under contract than we listed.
Expired (967) It’s that time of year. If you didn’t get it done last year, what makes one think we’ll get it done this year. A time for re-examining the market and pricing for everyone.
Thanks for following us. I can’t tell you how much it means to us. 2018 Was a great year for Dee and me. We had many exciting listings, and some challenging transactions. And, we finished the year out with only two unsold listings, and both of those sellers continued with us for 2019! It’s a good life.
As always, make a plan. No matter how far out, pick up the phone, give us a call, and let us know what you’re contemplating. We’re here for you every step of the way.