Good Morning Everyone!
We live in a CRAZY world. I’m not sure it is any more or less crazy than years past, but because of Social Media, 24 hour news rooms and the ability to contact so many people with a single touch of a button in so many different ways, it just seems more crazy. All the way back to the days of the Town Crier spouting the daily news from busy street corners, the Human Condition just likes to be “in the know”. But, Today, all we care about is the Denver Metro Inventory Numbers!
|New Listing (1066) Such a low number… Again!|
|Coming Soon (150) This does not bode well for this weekend… Again!|
|Back On Market (237)|
|Price Increase (129)|
|Price Decrease (662)|
|Pending (1697) Wow, this is a big week… Again!|
|Closed (1265) This is a seasonally correct number… A month ago coming off a Labor Day Weekend…|
Gloom and doom was predicted after July’s numbers, but by looking closer as we do, you could see the weekly numbers had not changed. The Market Profile continues to be more Contracts each week than New Listings. As long as we continue to see this view of the Micro Market with more demand than supply, we will continue to see a Sellers’ Market in Denver Metro.
So, what have we learned today? Supply is not holding up to demand. The fall season will look a little different this year. With rates still bouncing around 3% and conforming loan limits going up, enjoy the ride, because there is no bubble to get in our way today…
“Dee & Tom are a dynamic duo! My family has used realtors to buy homes in five states. The Cryer Team were exceptional. Their attention to our style, interest, and needs made our search for a home while out of state and in a difficult market feel easy. The whole process was the most seamless, organized, and stress free house purchase we have made. Dee & Tom have a unique approach in helping a family find a home but their approach works. We are in love with our neighborhood and our house!“
BTW, I’ve seen every 007 moving ever released. If you are a Bond fan, don’t miss #NoTimetoDie! See it in an #IMAX Theater.
Dee & Tom Cryer, SCRP
THE CRYER TEAM
Kentwood Real Estate
4949 S. Niagara St. #400
Denver, CO 80237
303-887-3917 / 303-638-3202