Denver Market Watch with 2020 Vision 09/08/2020

Good Morning Everyone!

August was record breaking in many ways this year. Denver was hot. Not only on the thermometer, but hot in transactions with residential real estate. The stock exchanges were also record breaking; up in a big way.

But, now it is September, and it is snowing in Denver, the thermometer has moved to COLD overnight, the stock exchanges have “burst”, and it’s a brave new world.

I see good news everywhere. I went to the dentist this morning; business as usual. Dee and I had a haircut last week. Dee and I went “out” to dinner. Everyone at the grocery store is wearing a mask. People seem less fearful.

Overall, the mood of the market is very strong, and this weeks MLS numbers below confirm this notion.

New Listing (1164) Still a major concern! No new inventory!!!
Coming Soon (177)
Back On Market (274)
Price Increase (325)
Price Decrease (796)
Pending (1720) A strong weekly number not unlike August.
Withdrawn (167)
Leased (70)
Closed (1500) Another strong weekly number. Strong enough to set records!
Expired (415)

We will not be posting an update next week. So our next post will be September 22nd. Let’s hope we have some strong numbers to finish out the 3rd Quarter.

Stay Safe, Healthy and Remember, the Realtor you choose does make a difference…tc

About Tom & Dee Cryer

Your Trusted Advisors in the Homeownership Business!
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