11/16/2021derful #BuytheDip #WhoKnew #FoolsandNewcomers #BetterThanZillow?

This week is not much different from any week we’ve reported on this year. Too few new listings, strong under contract demand, and closings happening at an extremely high percentage of those contracts. Buyers and Sellers are still getting these deals to closing at an unprecedented rate. Take a look.

New Listing (732) The lowest I’ve observed all year.
Coming Soon (102) The lowest I’ve observed this year.
Back On Market (204)
Price Increase (102)
Price Decrease (508)
Pending (1517) A very strong number for this time of year.
Withdrawn (151)
Leased (60)
Closed (1536) This is a mid season number reflecting the buyers’ desire to complete the “Deal”…
Expired (148)
The MLS Over the Last 7 Days

Below is the trend of Listings over the last 10 years…

Time frame is from Jan 2011 to Oct 2021
County Or Parish is one of ‘Adams’, ‘Arapahoe’, ‘Boulder’, ‘Broomfield’, ‘
Clear Creek’, ‘Denver’, ‘Douglas’, ‘Elbert’, ‘Gilpin’, ‘Jefferson’, ‘Park’
Property Type is ‘Residential’
Property Sub Type is ‘Single Family Residence’

As you can see, inventory/supply of Single Family Homes in our 11 county Denver Metro Market continues to shrink as we move into year’s end. This can only mean Q1’22 will be a Field Day for sellers. Putting one’s home on the market in early January will be a smart move. Putting one’s home on the market right now, might be even smarter…

The market has transcended into a neighborhood by neighborhood analysis for accurate value predictions. Comparing your home or shopping for a new homes with a Macro approach will not serve you well. Market’s are LOCAL. Never forget this. Location, Location, Location and Timing, Timing, Timing will always serve you well.

So, if we address the Hashtags above, There will be no dip very soon, We did, Predicting the future, and remember, even the best Algorithm is just that. If you’ve been searching for “Boots on the Ground”… Please let us guide you through the Market Fog. We’ll be there for you every step of the way…

Dee & Tom Cryer, SCRP
Broker Associates
Kentwood Real Estate
4949 S. Niagara St. #400
Denver, CO 80237

About Tom & Dee Cryer

Your Trusted Advisors in the Homeownership Business! TheCryerTeam@Kentwood.com
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