Denver Market Watch with 2020 Vision 06/23/2020

Cryer Team ResizedWith the number of closings mounting new heights every week, it is clear, the Denver Residential Market is back on track and racing toward a sellers’ market one more time.  Rates, limited supply and economic growth are the catalysts.  Additionally, there is no immediate end in sight to these three support vehicles!

New Listing (1324) New Listing Count is still lagging behind market demands.
Coming Soon (187)
Back On Market (330)
Price Increase (313)
Price Decrease (1170)
Pending (2080)  This is such a strong number.  Buyers are BUSY!
Withdrawn (202)
Leased (112)
Closed (1594)  This has become a typical seasonal number; very strong!
Expired (244)

IMG_0355What are we experiencing in our own practice?  We are observing sellers getting ready to dip into the market.  Covid-19 fears are diminishing, and sellers are maybe not so fearful of “strangers” in their homes, they still need to get on with their lives.  Buyers, albeit tentative in some circles, those with plans and family goals are clearly making this “The Time” to move forward.

The state flower is in bloom again, summer appears to be here again, and the market is opening up again.  If it is your time to start the dialogue about what your future will bring on the “Home Front”, please do not hesitate to pick up the phone, text or email us.  Dee and I are ready to lend our insight and help you along your journey.  The water is warm, step in and we will keep you afloat.

You can always reach us at TheCryerTeam@Kentwood.com or 303-638-3202.

 

 

 

 

About Tom & Dee Cryer

Your Friends in the Homeownership Business!
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