04/04/2023 #Turning60 #WhoIs?

Another week has passed, and we are well into spring now??? So, that means waking up to snow on the ground this morning. Low 20s, snow on the ground, and a busy day ahead of us; spring?

First off, #JohnnyDepp and #Barbie are turning 60 this year. Already for #Barbie and soon for #JohnnyDepp, makes me wonder. Is Barbie is too old for Johnny? All that aside, let’s dive right into this week’s Denver Stats.

Over the last 7 days, this is the activity in the Denver MLS System.

New Listing (1203)The most in one week this year! Hurray for Buyers…
Coming Soon (164)But, this number is down.
Back On Market (205)We continue to see deals falling in the range of 20% of the time.
Price Increase (159)Homes are still moving above list price, but less so now.
Price Decrease (738)This is extraordinarily high. Pricing too high wreaks havok…
Pending (1221)A solid number clearly keeping pace with new inventory.
Withdrawn (112)
Leased (82)
Closed (1416)After lasts week’s weak number, this is good to see such a strong number!
Expired (332)Sellers giving up?
Denver MLS Over the Last 7 Days.

Follow along, I’m not finished, yet…

You are reading this chart correctly. Only 2021 and 2022 had fewer Active Listings at the end of March than 2023 does. If history continues to repeat itself in the Denver Market, we should see 4-5,000 active listings in the next few months?

With all our transactions so far this year, we continue to see multiple offers increasing price and the take of buyer conditions. In the historically strong neighborhoods the prospect of anything for sale under $600,000 is an impossibility at this point in the market. “Date the rate, but Marry the house” has become the battle cry for 2023.

I suppose my lead question was a bit childish, just tell me Johnny isn’t considering the prospect…

Have a great week, before we know it, the sun will be out and we will once again be complaining about how dry it is…

As always, don’t hesitate to call Dee or Tom. 303-773-3399, Thank You…tc

About Tom & Dee Cryer

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