DenverMarketWatch – Black Swans Again!

Denver’s Weekly Residential Market Watch
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October 2019
Hello Everyone!

Black Swan appears to be the new buzz word with the opposite context of Unicorn. Black Swan BAD, Unicorn GOOD…

Let’s take a quick look at what the Denver MLS has to say to us this week.

New Listing (1013) Not a bad number this week, but still not giving buyers enough to “look at”.
Back On Market (212)
Price Increase (161)
Price Decrease (1291) This is still telling how many sellers have to “come to the market”; normalcy, balance?
Under Contract (1351) This would be a good week any time of year, but particularly good for the fall season.
Withdrawn (218)
Leased (67)
Sold (1301) Closing keep coming at us, another good week!
Expired (242)

So, let’s talk about said Black Swan. Everyone is talking Black Swan. Wall Street, Polititions, Politician and more keep referring to the deal killer just around the corner. Interest rates, energy costs, market crash, trade wars, wars, the dollar, gold, the housing bubble, the tech bubble, corporate responsibilities, go ahead, pick one! Personally, piggybacking on last week’s post, I believe it will take more than even two of these suggestions to bring us to our knees again, but it could happen.

I was listening to CEO of AutoNation this morning; “The consumer looks to be in good shape”. This has been echoed across a diverse platform of businesses. Nothing to panic about this week! Once again, I believe we can move well into next year before we lose all sensibilities as “The Election Heats Up”…..

Our world is exciting, personally, I like Unicorns better than Black Swans. Let’s hope Denver’s Residential Real Estate Market is listening!

A successful move, relocation, down pricing, down sizing or moving up takes planning. Jumping out of a airplane without a parachute is not healthy. The proper order and proper plan for buying or selling a home requires the same attention to detail. Give us a call, come in, spend just one house with us. Let us show you a clear pathway to a successful transition. We’ll be there for you…

Dee and Tom Cryer TheCryerTeam@Kentwood.com 303-638-3202

The Cryer Team
The Cryer Team
Tom and Dee Cryer
303-638-3202 Tom
303-887-3917 Dee
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Denver, CO 80237
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