Good Morning Everyone, It is time for this week’s Denver Market Watch. We continue to see that the Covid Shut Down was only a “blip” in the market. Showings are up, contracts are up, and closing are bouncing back right along with them.
Below, you will once again find what’s happened over the last 7 days in our Denver MLS System. We are starting to seasonal numbers like any other year. Denver still has price ranges with no inventory, neighborhoods will not inventory. Please follow along with my comments below.
New Listing (1386) This number is low, but not tremendously so.
Coming Soon (194) When this is added in, it looks a lot better.
Back On Market (309)
Price Increase (235)
Price Decrease (1183)
Pending (1928) This is a solid seasonally valid number!
Closed (1219) We are quickly catching up to a more normal market!
We know various markets around the country are suffering badly right now. The damage done to those markets will require significant time and investment. Lives will be changed forever. For many, the way they live will ultimately change forever. Only time will tell the final outcome, but we know the sense of American Ingenuity and Perseverance ultimately triumphs and “steers the ship” in the right direction.
At Kentwood, we are constantly involved in our communities, schools and charities. We believe in the benefits of homeownership, and we participate as Realtors to insure that every representative everywhere understands those benefits.
Dee and Tom Cryer are here for you, every step of the way. TheCryerTeam@Kentwood.com 303-773-3399