As we close out these last few weeks of the first half of 2019, the time has come for a bit of reflection. Rates have drifted lower in recent weeks, the world stage seems to be a bit more clear. We are very fortunate to live in a country whose dirty laundry still looks better than anyone else’s. We have a strong market where new home starts are above expectations, and finally buyers have some choices right here in the Mile High City! Life is good.
This week’s MLS Date really couldn’t be any more telling. Newly active listings, under contract listings and the number of sold listings really look strong.
New Listing (1709) This is what’s exciting buyers to come back to the market.
Back On Market (270)
Price Increase (243)
Price Decrease (1461)
Under Contract (1623) This is a very strong seasonal number. Good work!
Sold (1335) Once again, this is a very strong seasonal number.
As we float off into the second half of 2019, it will be important to watch supply. Demand looks good, but we don’t want supply to expand too quickly. Steady growth of supply like we’ve seen for the first half will be perfect. I would not want to finish the year with any more than 9,000 active listings.
Let’s “Keep our hands on the wheel and our eyes upon the road” for now. Safe travels…
Tom & Dee Cryer 303-773-3399 TheCryerTeam@Kentwood.com