Another week has come and gone. #MyTownCryer is here to report what’s happened over the last 7 days in the Denver Metro Residential Market, and we are here to put this in perspective with what’s been happening over time. Let’s start right off with the last 7 days.
|New Listing (805) This is very low number; even lower than last week!|
|Coming Soon (174)|
|Back On Market (211)|
|Price Increase (179)|
|Price Decrease (581)|
|Pending (1671) This is a very high number for this season!|
|Closed (1786) Another banner week for closings. The question remains; where is this supply coming from?|
So, very few New Listings, and huge numbers on Pending and Closed Listings, we will have to look at inventory now.
Well Folks, it looks like to me, the same old story is presenting itself. Fewer listings, strong demand and stable interest rates. I believe we are in a very “Healthy” place right now. Let’s not fear the bubble.
As always, if you have any questions, concerns or just want to talk about your residential strategy, don’t hesitate to reach out to us.
Dee & Tom Cryer, SCRP
THE CRYER TEAM
Kentwood Real Estate
4949 S. Niagara St. #400
Denver, CO 80237
303-887-3917 / 303-638-3202