It was a crazy night of pirotechniques, wind and rain; lots of rain!

What did the last 7 days look like in the Denver MLS System? Here you go…

New Listing (1014) Typical of last week’s numbers.
Coming Soon (247) Up slightly from last week.
Back On Market (188)
Price Increase (116)
Price Decrease (894)
Pending (1174) Kind of a good number for a holiday week.
Withdrawn (156)
Leased (74)
Closed (1259) Last week was the end of the month explaining such a good number.
Expired (397) This number is clearly higher than normal. Some sellers giving up?

Last week’s numbers show no real slow down from the holiday week. In fact, some of the numbers are very good. It will be very telling over the next few weeks to see if the summer malaise kicks in like years past. Only time will tell!

People often ask me what is happening in our luxury market specifically. Here you go for the over $2M segment of our market.

Clearly 2021 and 2022 were record breaking windows in time, but if the second half performs like our first half of 2023, we will see 2023 competing for at least 3rd place and possibly 2nd place. This market segment and price range has matured quickly in our metro area.

In the meantime folks, we continue to see buyers buy and sellers sell. Sometimes it is different than years past, but with high rates, economic uncertainty, local and world events, Americans still find the security of homeownership one of their top priorities.

Whether you think you can or can’t buy a home please remember this, Joey Chestnut ate 62 hotdogs and buns in succession this weekend. I personally believe it would be easier to buy a house!

WE can help you get there whether you are coming or going…tc

TheCryerTeam@Kentwood.com