Hello Readers!

Before we get to the Denver Market Watch, let’s talk about #ChoosingSides. Over the next few months, Americans who have chosen sides will be busy moving you to their side. Let’s be kind, listen, and be true to our beliefs, hearts, or what’s best for our families. We don’t have to participate in The Divide!

Along the same line, believe it or not, Americans #Agree on #Homeownership. Regardless of party, the numbers do not lie. Both party’s affiliates enjoy an equal desire to be homeowners. This should not be surprising, with capital accumulation, tax advantages, and security, homeownership leads the list of all possible choices for agreement in the United States.

Finally, I am a cheerleader for community volunteerism. Take the lead, participate in your HOA, go to your town or county and make a difference, deliver meals for Meals on Wheels, or whatever it is, “Just do it!”

Today, let’s take a look at the last 7 days in the 11 counties making up the Denver Market.

Denver Market Watch

New Listing
1252 My Goodness, this is good news for buyers!
Coming Soon
262 No real increase here, but a solid number like last week.
Back On Market
231
Price Increase
241
Price Decrease
1009 This is ridiculous. Let’s stop over pricing!
Pending
1258 Strong number here!
Withdrawn
110
Leased
87
Closed
1301 This is the best number of 2024.
Expired
380

This clearly gives us a current look at things, but what does the history of Active Listings look like? Below is our chart of Active Listings over the last 10 years.

With 4,344 Active Listings on the market, this is in the typical range of expected activity based on the last 10 years of data. I we were to remove 2021 and 2022, the graph would list happily across the page.

Let’s not forget, that learning the market habits of a neighborhood can easily be accomplished in a couple of months. Learning the intricacies of a real estate transaction is a cumulative process obtained over years. A seasoned professional can be worth their weight in gold when things go south.

We’ll be there for you every step of the way…tc