The sky is not falling. Overextending oneself only serves to create problems when the tide goes out. “Stupid is as stupid does.”
I like to check in on Twitter. On Tuesday mornings when I’m writing this, I get inspiration from what’s trending. First, the media is going to do everything in its power to create a negative out of a positive, but the sky is not falling. Because a market goes up, it is not a bad thing. But, if you overextend yourself, we will see you “naked”. Following blindly into the abyss will certainly expose your stupidity.
Since we’ve explored the wisdom of a fairy tail, Warren Buffet and Forrest Gump, let’s see what the numbers are saying over the last 7 days.
|New Listing (352) I’ve never seen this number so low. It’s a great time to put your home on the market; no question about it…|
|Coming Soon (94) One of these is ours, and I can tell you from experience, this is a great time to put your home on the market!|
|Back On Market (123)|
|Price Increase (103)|
|Price Decrease (183)|
|Pending (903) Seasonally low, and nothing to be concerned about.|
|Withdrawn (75) Off the market for the holidays… FYI “Over priced”.|
|Closed (973) Once again, seasonally low.|
The above chart tells a story, but it also forces us to ask questions. The chart below this will try to answer some of those questions.
November is closed out for all intents and purposes right now. It is showing 1,648 Active Listings today. This is extremely low. It may set a record.
Why is the supply so low. Millennials are creating families, Boomers are “aging in place”, Xers are moving up, and new construction where consumers what to live is well above average prices for the area. So, what does this mean? The Sky Is Not Falling, but don’t get caught with your pants down, and please don’t do what Stupid does!
Give us a call, we’ll put you on the right track as your Trusted Advisors.
Kentwood Real Estate
4949 S. Niagara St. #400
Denver, CO 80237