Good Morning People!
Do you have a “Saying” like these two on your cork board by your desk? Which one are you drawn to? Please share yours with the rest of us. I first heard #WintheDay 25-30 years ago. Some say it was a “Navy” thing, and in recent years it was change to “The Rent Is Due”. The change came from the realization that “Success is not Owned, but simply rented.” So, my new share is “The Rent Is Due.” #TheRentIsDue
This week we received this new Testimonial, and it deserves being shared.
“I very much enjoyed working with Dee and her team. We received multiple offers and their professionalism and integrity played a big role in choosing their offer. It would be a pleasure to work with them again.” -DW
Never underestimate how important it is to communicate well with the Listing Broker!
Now, let’s get down to Brass Tacks! We are going to measure the market of April, 2023 as accurately as possible… So, let’s look at the last 7 days of Denver MLS first.
|New Listing (975) Wow, Easter sure slowed things down from last week!|
|Coming Soon (270) This is a little higher so the future’s so bright, we’ll all need sunglasses!!!|
|Back On Market (208) This is off a bit. Could be a good sign!|
|Price Increase (162)|
|Price Decrease (715) This is a HUGE number compared to previous weeks…!!!|
|Pending (1220) A nice week, nothing outrageous, but simply a nice week.|
|Closed (1044) When ever closings are greater than New Listings it shows strength in the marketplace!|
What is the most recent listing trend?
Except for 2021 and 2022, this is the lowest active listing count going into April for the last 10 years. The strength of our market continues to amaze me. Rates, wars, politics, equity, inequity, and more can’t seem to cause any realizable harm to the Denver Market.
If rates were to stay in the 5-6% range throughout the rest of 2023, we might see a balanced market. It’s a good life!
Remember, if you would like to enjoy the benefits of professionalism, integrity, experience and successful negotiations, The Cryer Team is here for you every step of the way. TheCryerTeam@Kentwood.com Please contact us...tc
I’ll leave you today with a special image of western exploration…
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