Denver Market Watch with 2020 Vision 08/18/2020

It’s that time again…

If you are like me, you’ve heard this line in some fashion every 4 years. “This election is the most important election of your lifetime.” For me, because it has been put out there so many times, it probably shouldn’t but it does pass me by. I will write this today with all sincerity, having followed Denver’s Residential Real Estate Market my entire adult life, now more than ever before, it is the best time to be a Seller, and it is clearly one of the best times to be a Buyer.

With that being said, let’s look at Denver’s MLS Data for the last 7 days. Can I say now, “More of the same”?

New Listing (1237) Once again, there are just not enough new listings coming on.
Coming Soon (185)
Back On Market (289)
Price Increase (385)
Price Decrease (950)
Pending (1938) Another great week. Buyers are BUSY!
Withdrawn (186)
Leased (96)
Closed (1751) This is a very good week, not a record, but a good solid week of closings.
Expired (240)

So, as school starts in some fashion, and we maintain, what’s around the corner?

Here’s what’s going to happen. The next 79 days are going to be a great time to stay away from media. It will only serve to raise shackles. Grill outside, go for walks, go to the mountains where there is no cell service, get a hobby, but don’t turn on the TV. Next, although I”m told, this is the most important election of my lifetime, so was the last one, and one before that, and that. I am going to predict, rates will remain low, sellers will have the edge in the Denver market through year’s end and buyers will have to be “Front Row “A” Students” to get a contract accepted. As for 2021, I’m not going out that far, sorry. Maybe next week!

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 in the 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 this 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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