This will be our last post of #2024. It has been a great year for us. We were blessed with Louie James Cryer in October. #5 Grandchild, it never gets old. Two sixes, two threes, and now a less than one. This will make it a very special Christmas when we get together.

As for 2024, we had many headwinds. We had higher rates than buyers like. We had the election. We had wars, we had urban crisis, and we had slowing job growth along the front-range. In spite of the headwinds, we had a listing over $3M and a buyer over $3M. On the other end, we had a buyer at $425K in new construction. Finally, we had a seller of a one bedroom condo at $240K. So, we covered the gambit this year, and a fine year it was.

What happened this week in our MLS report? Let’s take a look.

Overall, this is not a bad week. 2025 has some momentum based on this. Of course, we have to wait and see, but it will not be long now. In just a few weeks, we will understand how things will be going for 2025.

Let’s delve right into how Active Listings look for year-end.

The graph’s rounding of total active listings is clear and as predicted a few months ago. Today, we are reporting just 7,353 total active listings. We haven’t seen a number this low since April 2024.

My prediction is well supported. We will have more buyers than sellers during the first quarter of 2025. Rates will keep the market calm as we settle into a new President. My guess on rates will keep them above 5.5% for the duration of 2025, but over 6% is more likely.

In the meantime, Dee is already building the 2025 pipeline of buyers and sellers. If you are looking for something special, she may already have it waiting for you!

Contact TheCryerTeam@Kentwood.com

May God bless you and your family in the coming year, and may Santa deliver on that special wish, Merry Christmas…tc