Denver Market Watch with 2020 Vision 08/25/2020

A new week, but the same old story. Not enough New Listings, but very strong Pending activity and another week of very strong Closed numbers; Denver is resisting all the economic pitfalls of both coasts. “Fly-Over” Country is winning!

New Listing (1227) Not enough!
Coming Soon (190)
Back On Market (306)
Price Increase (385)
Price Decrease (985)
Pending (2071) Very strong demand!!!
Withdrawn (199)
Leased (111)
Closed (1808) A very strong number here!
Expired (235)

Let’s talk antidotally this week. We are observing the awakening of corporate and agency relocation again. We are logging calls from “Lifestyle” movers. We are seeing younger generations reaching out to buy their first home; triggered by interest rates and family support. This market is broad based in all price ranges, well supported by its diversity of age and economic strength and its move up market is well funded by years of positive appreciation. Denver is that “enigma, surrounded by a conundrum wrapped in a riddle”. Long story short, there is no bubble in sight.

The successes we have logged this year all share a cooperative partner seeking a well executed plan, a defined timeline and the desire for change. We can assist you with the same kind of professional service as your trusted advisor. Let’s discuss your plan of action today!

About Tom & Dee Cryer

Your Trusted Advisors in the Homeownership Business!
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