Almost 4 years ago to the day, we were sitting, standing, driving or walking in this exact same place as we were then. Rival political parties spent months pandering to our needs and wants in an election process which IMHO is so last century. But, I digress. This election like all elections is the “most important ever”. I guess we will know if it was or not in exactly 4 more years.

All the hoopla surrounding the election, however, has consumed real estate buyers and sellers. Do I buy, sell, or wait it out? Surely rates will be lower and the market will be better next year. Dee and I were married in April of 1982. In October of the previous year rates hit their all time high at over 18%. We had assumptions, buy-downs, subsidies and more. Any ingenious idea that could get a buyer into a house or a seller out of one stood out in the marketplace. Over the next 10 years in Denver, not a lot happened. We saw a steady but very slow decline interest rates. In 1990, we were down to 10%. Homes were purchased and sold, but the market was very volatile. Residential Markets will continue to ebb and flow, they always do. You heard me say this before, but it does seem different this time. I’m trying to put my finger on it…

We are no better at holding elections this time around than we were 40 years ago. I expect more. We all should!

Enough of that, what happened in the Denver Residential Market over the last 7 days?

Now, what has this weekly trend done to the aggregate numbers? Let’s see!

With a total of 9,338 Active Listings last week, this week we are reporting 8,585 this week over 750 fewer active listings than the previous week. This is a huge seasonal correction in just one week. As I had reported in previous weeks, we will see the seasonal swing of fewer active listings as we close out 2024. I called it “rounding off” a few weeks ago.

As I continue growing my Real Santa Beard, we are a few days short of 50 for it to completely fill in for pictures. For the people who have seen this event before, they believe I am well on my way to authenticity! What do you think? Will I make it?

AS you make your real estate decisions today, think about your plan for 2025. We are able to connect you will like minded brokers in over 100 markets across the globe. Over the years, we have referred clients to residential experts. Let us know if we can help. It’s always nice knowing there is a warm hand waiting for you.

TheCryerTeam@kentwood.com