Denver Market Watch with 2020 Vision 08/04/2020

My Goodness!

Just look at this crazy Denver Residential Market!

New Listing (1181) This is just TOO low! The market is starving for new listings!
Coming Soon (164)
Back On Market (348)
Price Increase (257)
Price Decrease (1005)
Pending (1897) With Contracts outnumbering Listings to this degree…
Withdrawn (179)
Leased (90)
Closed (2022) This is the biggest week for closings I can remember for 2020!
Expired (412)

Well, what does all this mean to you?

If you are a seller, this is the perfect market to be a seller! Buyers are waiting in line to buy. Interest rates are teasing buyers to “pay more”. Finally, Inventory is so at an all time low. As a seller, your Listing will be alone on your street, but buyers will be lining up assuming price, condition, appeal and location appropriately converge.

If you are a buyer in this market, you’ll need to think like a seller. The seller wants to know a buyer will close. As a buyer, you want a lender who will go to bat for you and be your advocate. You will also want to know your market. Do your homework, and lean in on your chosen Broker to lead you through the process. Finally, your income, credit score and downpayment need to be transparent. Get your house in order! As a buyer in this market, you need to place yourself into a position of power. A weak buyer in this market is going to lose.

If you are struggling with what’s happening on Wall Street or Main Street, Dee and I are here for you. Tom loves to talk about individual stocks. Owning a part of a great American Company gives him a lot of pride, but owning a piece of America is a feeling you can’t get from anything else. Being able to walk in your front door and say, “I’m home”, is simply an incredible feeling. The grass needs to be mowed, the gutters need cleaning and the garage is a mess, but you are home! It may be great to own a few shares of #Amazon or #Tesla these days, but in the long run, the feeling of #homeownership is seldom duplicated by anything else.

So, let’s talk about your plans, your goals, your dreams, and let us be your trusted adviser homeownership business. From our “concierge” list of services, to our attentive natures, our professional approach to the process leaving no loose ends, you will not be disappointed with your Realtor choice.

In the meantime, get outside and enjoy Colorful Colorado…tc

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

About Tom & Dee Cryer

Your Friends in the Homeownership Business!
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