Denver Market Watch with 2020 Vision 11/10/2020 #VeteransDay

I often wonder about my father around Veterans day. For that matter, I wonder about him on Memorial Day, etc. He would have been 100 last year. A few times he would answer a question or two about his service in the Navy. Retiring as a full Commander, service in the Pacific during WWII, and many, many years in the reserves at Ft. McHenry in Baltimore. I remember one quote that has always stood above the rest. “There is nothing good about war.” Most of his career was spent in the Defense Industry. One of his early achievements was being the project engineer on the guidance system for the Nike Missile Program. I bet you thought Nike was a shoe? Well, no, it was one of our amazing feats during the “Cold War”. The rest is history, and I came along a short time later, but the cold war continued. The unrest of the 1960s, the absurdity of the 1970s, the excesses of the ’80s and ’90s, and well you know the rest.

I’m not sure why I am sharing this with you today. Maybe in my own mind, life goes on. The Pandemic, Politics, Technology, Economics and more, just can’t stop us from crossing the finish line into 2021. I can’t tell you it will be any better, and I’m not sure it can be any worse. I can tell you the eternal inertia of the human spirit will continue to roll. Roll Tide, Roll!

What I can tell you is simple and direct. Over the last 7 days, we hit a new low for weekly new listings, we arrived at very strong weekly list of pending listings and we crossed the goal line with over 1,600 closed transactions. If there ever was a seller’s market, we are in it now.

New Listing (883) Crazy Low!
Coming Soon (107)
Back On Market (266)
Price Increase (325)
Price Decrease (702)
Pending (1512) A Very Good Week!
Withdrawn (216)
Leased (58)
Closed (1610) And, Another Very Good Week Here, Too!
Expired (260)

Powell has stated emphatically, he will do everything in the Fed’s power to keep rates low. Denver continues to attract new employers and lifestyle seekers on a daily, weekly and monthly basis almost to the point of absurdity. If there is such a thing as “back to normal”, our market is clearly not hearing the cry! A serious shortage of inventory is plaguing us!

Long story short, rates are great, and prices will be higher next spring, so get out there. Fight the good fight. Win a listing and make it your home. Nothing is forever! And, if you are contemplating a move, there has NEVER been a better time to list your home for sale. Period!

The next time you see one of our listings pop up here, take a time out, and come see it. When a buyer sees a listing in person, and then watches it go under contract, the market becomes more clear. Don’t deny yourself this education.

In the meantime, we continue to comb our data base for potential sellers, and we are up early and out late trying to find that illusive “perfect” home for our buyers. There is no question, this market has made our work more demanding, but it has also made us better.

Let’s start a conversation; right now, right here, today. Let us create a customized plan balancing your needs, wants, timing and comfort. It can be done, we do it all the time.

TheCryerTeam@Kentwood.com

About Tom & Dee Cryer

Your Friends in the Homeownership Business!
This entry was posted in Denver Residential Real Estate and tagged , . Bookmark the permalink.

Thank you for your comment.

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.