11/12/2024 #TheTrillofVictoryandTheAgonyofDefeat

When The Trill of Victory and the Agony of Defeat was written into ABC Sports, who knew it would live on in infamy? The election is over, but the real fight is only just beginning. The way residential real estate transactions take place has been changed. In the meantime, it is still being fought in court, so who knows how all this will end up. WE are here to answer those questions.

For the most part, the electorate has shown the differential between the Big City vs. the Suburban and Rural voters. Did COVID move so many urban voters to a new generation of suburban and rural voter strength? This map tends to confirm this.

Anyway, let’s move right into the market over the last 7 days.

Denver Market Watch
New Listing (803) Not much happened over the last 7 days.
Coming Soon (96) This is very low!
Back On Market (214)
Price Increase (75)
Price Decrease (1723)
Pending (969) A relatively slow week here too!
Withdrawn (200)
Leased (0)
Closed (797) Not atypical, but probably associated with the long weekend and the election.
Expired (353) Let’s give up and try next year?

It’s always difficult to determine what makes the market react a certain way. We will no more in the weeks to come. Don’t stop tuning in each and every week to see what happens next. During this window of time, we had a lot of snowy weather.

What has happened to the number of Total Active Listings in the Denver Metro Area?

Another week, another decline in Total Active Listings of Single Family Homes. Not much of a drop, but it’s down to 8,746. When buyers are in shorter supply this time of year, it is great to have fewer choices. The market builds strength or weakness from Supply and Demand ratios.

In the meantime, if you want to talk about the Election, the Market, CU going to a bowl game, or why won’t the Monforts sell the Rockies to a winning owner, we are here for you.

TheCryerTeam@Kentwood.com

PS… We put one under contract last night. We called our Inspector for an appointment time. He is booked out with “two a days” for the next week. The winds are changing…tc

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About Dee & Tom Cryer

Your Trusted Advisors in the Homeownership Business! TheCryerTeam@Kentwood.com
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1 Response to 11/12/2024 #TheTrillofVictoryandTheAgonyofDefeat

  1. mountaindog12's avatar mountaindog12 says:

    Please remove me from your emails Sent from my iPhone

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