Over the last 10 years, this has been the trend of active listings. Coming off the financial crash of 2008, we had to clear a lot of inventory. We cleared it and more. We finished July with 5,631 Active Single Family Homes. June was 5,858, May 5,198 and April 4,719. August and September should feed into this trend with slow absorption with little or no growth in inventory.

In the last week, we’ve seen a mantra of “Nothing to see here, move along”, as the pattern is so similar to weeks past.

New Listing
1271 Nothing to see here…
Coming Soon
179
Back On Market
297
Price Increase
107
Price Decrease
1381 Still too many adjustments have been made here.
Pending
1196 A good week, but not a great week.
Withdrawn
225
Leased
74
Closed
1092 Buyers and sellers continue to find there way to the closing table.
Expired
387 Sellers giving up in larger numbers???

Denver can’t be expected to react like other cities in the US. We are 500 miles from nowhere. In any direction, we don’t have a lot to influence our local economy. This is why real estate markets are local.

What’s all this have to do with peaches and cool summer nights? Well, Palisade Peaches have arrived, and cool summer nights are back! It’s a good life.

We had a great experience working with the Cryer team! Dee kept in communication often and kept the process moving, often working outside of business hours to do so. We felt like she was always available to help. She gave helpful advice along the way and truly made the stressful experience of buying a home manageable. We would absolutely recommend the Cryer team!

Yes, it is #TestimonialTuesday…

We’re here for you…tc