I normally have more than one #Hashtag on the Subject line. Today, after I typed in #Thanksgiving, I felt if I added more, it would take away from the subject at hand. Thanksgiving is probably my favorite holiday. First off, every 7 years, my birthday lands on Thanksgiving, and this makes 2023 very special to me. I will not only be celebrating a birthday, but the entire family will be celebrating together under a new roof! When the immediate family is together, we never know what will happen, but one thing is for sure, we will be extremely thankful. This leads me to you; May your Thanksgiving be everything you hoped for and far more!

Where do you think we are in the Market Cycle?

Let’s get on with the purpose of this post. The #DenverMarketWatch of residential real estate in Denver, Colorado!

Market Watch

New Listing
816 Sellers continue to enter the market, but not with the same numbers as we have been experiencing.
Coming Soon
31 I have not seen this number any lower in 2023!
Back On Market
250 Deals continue to crash, and sellers are finding their way back to the market.
Price Increase
134
Price Decrease
1256 Trying to get out in front of the price paradigm in Denver’s Market right now it tough!
Pending
911 This is not a bad week. In fact it could be consider strong. We put one under contract over the weekend.
Withdrawn
230
Leased
68
Closed
957 Once again, Buyers and Sellers are finding their way to the closing table relatively strong numbers.
Expired 313

As you can see above, we’ve had some expected seasonal slowing, but nothing here would be indicative of a market in “crash mode”. Quite the opposite, there is a tremendous amount of strength here. We are seeing “What’s old is new again” in this market. Assumptions, BuyDowns, Seller Participation and more. This is a take off from a Jeff Goldblum quote in Jurassic Park; “The market finds a way”.

How does this weekly and annual data of Total Active Listings over the last 10 years. From where we have come, this market is proving everyday how resilient it has become. It all comes down to Supply and Demand.

As you can see above, Active Listings has rounded off, and it will most likely drop between now and the end of 2023. Additionally, the Total Number of Active Listings will probably start 2024 at a level seldom seen in the last 10 years. Only time will tell…

What we need you to remember is simple, we are here for you to interpret the local complexities of this market.

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.