Q4,Q4,Q4, can you believe it? It’s here!
To start the new quarter, this week’s MLS Data has something to say…
New Listing (1234) Typical week for new listings.
Back On Market (293) This is creeping up a bit.
Price Increase (128)
Price Decrease (1663) Still a very big number here. Sellers being compliant.
Under Contract (1358) A good seasonal number; strength!
Expired (486) This is a big number. Sellers giving up!
With all this being said, #Q4 appears to be rolling along just as #Q2 did. Nothing really standing out to get excited about or worry about, but there is an identifying factor apparent. We are slowly moving to a balanced market except for our “close-in”, “tier-one” neighborhoods where supply remains very limited.
So, how will 2019 finish out? It is my belief, we will remain “Steady as She Goes”. If rates were to spike, or some geopolitical issue, or energy to spike, we will see a slow down. If any two of these flex their “negative muscle”, we could see a seller’s market pop up rapidly.
As always, we will have to wait and see, but in the meantime, give us a call. Let’s talk about your plans. It’s never too soon to reach out and begin a plan. “Life Happens”, and so your plan should be ready for it.
Dee & Tom Cryer #303-773-3399 or TheCryerTeam@Kentwood.com
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