DenverMarketWatch – Disrupters

Denver’s Weekly Residential Market Watch
View this email in your browser
November 2019

Hello Everyone!

Everyone always asks, “How’s the market?” I usually respond with, “We are very fortunate to always be busy.” In the ’80s when we had a regional real estate depression, we were on the field helping relocation companies, banks and individuals solve their real estate “problems”. In ’99, we were there for the dot.com and telecommunication consolidation. When the foreclosure cycle started in Denver during the early 2000s, we were there to bail everyone from individuals, to banks to portfolio property managers out of their inventory. And, now we look for the disrupters we can’t see around the corner. What will happen next, and when will we all know? “Something” is going to happen; but what? Only time will tell.

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

New Listing (858) Wow, is this ever a low number! Lowest I can remember all year.
Back On Market (213)
Price Increase (120)
Price Decrease (1147) Sellers are still curbing their enthusiasm.
Under Contract (1163) This is a nice strong seasonal number.
Withdrawn (243) Will these reappear? Or, sellers giving up?
Leased (64)
Sold (1365) What a great seasonal number. This is almost a peak season number!
Expired (567)

With the last month reporting 9,286 Active Listings and 4,506 Sold Listings over the entire Denver Market; that reflects little more than 2 months supply. So this week when we see more Sold Listings than new Active Listings, this ratio can only improve. This shows great strength as we move into the fall and winter and seasons! Although I’m not seeing a disrupter on horizon, and can tell you, “We are safe this week”.

Let’s not get hung up on what might happen. If we look at this graph, supply and demand ebb and flow. This has not changed since the beginning of data. We still have great data ratios and there is not evident appearance this will change anytime soon. Keep tuning in, and we’ll keep you posted!

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
Our Website »
Contact Us »
Facebook Fan Page LinkedIn Pinterest Twitter Youtube (Channel)
Kentwood Real Estate
Kentwood Real Estate
4949 South Niagara Street #400
Denver, CO 80237
720-330-8888
Sent to

Property Alerts Login Sign Up for Property Alerts
RealtorEHO
Copyright © 2019 Kentwood Real Estate. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. You are receiving this email as a current or former client of Kentwood Real Estate or one of its associates.

About Tom & Dee Cryer

Your Friends in the Homeownership Business!
This entry was posted in Denver Residential Real Estate. Bookmark the permalink.

Thank you for your comment.

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.