Good Morning Everyone!

Of course, the World Series always brings back memories of Octobers Past. Stolen Bases, Homeruns, Errors, Strikeouts, Walks, Umpires, Fans, and much more. Baseball is a riddle wrapped in a conundrum surrounded by an enigma. What does that even mean? It means, baseball is so simple it’s played in backyards to playgrounds all the way to the big leagues. At the Big Leagues, the World Serious was invented, The days are short, darkness comes early, but the World Series fills that evening gap of entertainment. Go Rangers!!

I am a student of the NYSE and the Nasdaq, but it is tough for me to fathom the who, what, when, where and when of the last week and a half. Down 770 one week and up 550 in one day, the Dow is that riddle wrapped in a conundrum surrounded by an enigma FOR SURE! So, it’s very seasonally scary out there right now and more, but let’s do more.

While we are at it, #Fear is very prevalent in our world right now. Whether it be War, the Markets or the season, wherever I go right now people have some fear in their lives. In our residential market right now, we have potential sellers fearful of the rates, we have buyers fearful of rates and we have even more people just being fearful right now. With this being said, the Oracle of Omaha has been frequently quoted as saying, “When others are greedy, be fearful. When others are fearful, be greedy.” Now is clearly the time to start developing a greedy attitude. I wonder if we can develop that Billion $ smirk?

Now it is time to get after this market and find out what’s new in the last week.

WEEKLY MARKET WATCH

New Listing
992 This is not atypical of the last few weeks. We are not dropping huge numbers here.
Coming Soon
89 This is much lower than typical.
Back On Market
260 This is up a little.
Price Increase
250 This is typical.
Price Decrease
1351 This is down from the last two weeks.
Pending
950 Average week here. Not good, not bad.
Withdrawn
241 Still a few giving up!
Leased
76
Closed
920. This is is AVERAGE
Expired
274 Will these become another source of sellers giving up?

So, not a lot of change from last week here, so let’s take a look at Total Active Listings.

TOTAL ACTIVE RESIDENTIAL LISTINGS

One year ago, there were 7,843 Active Residential Listings in our 11 County service area. Today, 6,853 are Active. Although this number is up from the beginning of 2023, it is down from this time last year. We will continue to watch this every week just for you!

The Cryer Team’s Mission: Provide Real Estate Services so complete, thorough and professional, The Team becomes not only YOUR real estate resource, but by referral the resource for your family, friends and associates. Inherent in this mission statement is the vision of impeccable service and unquestionable integrity.

Dee and Tom provide a multi-disciplined background of experience, service and results in the Denver residential market.

The Team is dedicated to providing SELLERS an unparalleled marketing strategy, superior Internet presence, exceptional customer service and consistent communication backed by more than 30 years of successful residential experience.

The Team is also dedicated to providing BUYERS an organized, strategic and aggressively negotiated platform from which to acquire the home of their needs and dreams. They have worked diligently to provide a list of concierge services making the buying process transparent and supportive.

Tom and Dee have been awarded and acknowledged by their clients, peers and associates many times throughout their careers. That being said, they are most proud of what their past clients have written about them in the form of testimonials.

We would urge you to take an hour, come visit our office, discuss your needs and wants with us and learn why our system may work best for you.