01/02/2023 #AlrightAlrightAlright #TheWayWeWere #What’sNext

2022 Is in the books. Trite but true; it was the best of years, but also the worst. Maybe… You’ve probably read, heard or listened to a dozens or more “Year in Review” specials. This one will be different. We are Denver Real Estate, and that’s what you’ll get here. But, you may get bits and pieces of me too! Alright?

In this episode you’ll see the way we were and where we are now. Additionally, I’ll add my own insight, and I’ll offer my own prognostications. So let’s get started.

How did Denver finish the year?

New Listing (306) Always low this time of year.
Coming Soon (67) Next week, this will balloon!
Back On Market (152)
Price Increase (47)
Price Decrease (425) Sellers still trying to get it right.
Pending (451) In spite of it all, buyers and sellers are still finding each other!
Withdrawn (145)
Leased (62)
Closed (752) Not a bad week for this Season!
Expired (1371) The great reset to follow…
The Last 7 Days in Denver.

Now, how did the Denver SFR Market finish out 2022?

As you can see from this chart above, we ended the year with only 4,058 SFR Listings which is average for the last 10 years this chart tracks, however, this is well above 2021 and 2020 which in my mind were anomaly years due to unusually low rates and the effects of a “Covid” market.

So, I’m going to go out on a limb here and say, “Denver’s SFR Market will be subject to “more of a NORMAL MARKET”. More of a balance, more sanity, more fairness, NOT a Seller’s Market, but also, NOT Buyer’s Market either.

From The Cryer Team to you, Happy New Year 2023.

Please don’t hesitate to contact us…tc

About Tom & Dee Cryer

Your Trusted Advisors in the Homeownership Business! TheCryerTeam@Kentwood.com
This entry was posted in Denver Residential Real Estate and tagged . Bookmark the permalink.

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