As Bob Dylan sings, “...the times, they are a-changin‘”. What if you fell asleep, and then you woke up, and the US had become the largest land mass of any country in the world. These days, stranger things could happen. For me, however, right now, private ownership of real estate in Greenland does not exist. So, forget that summer cabin on the coast!
Now, Canada is a different story. I’ve been thinking about this quite a bit. The US could benefit Canada, and Canada could benefit the US. Interesting, isn’t it? All that King and Queen of England stuff would cause me some dis-consternation, but they’d get over it, I think…
But seriously, folks, Colorado is front and center right now. The national news has not been the best. I believe the pendulum will swing in a positive direction. In the meantime, we see both at the state level and the local level positive population growth and job growth. I believe this will continue, and I believe, we will see our diverse residents working together. Always the optimist, I continue to see healthy residential markets near the Central Business District, in our distant suburbs, and everywhere in between. Appropriate pricing, positive reaction to feedback, and constant communication will continue to be the most significant factors in every transaction.
What’s happening in the Denver SFR MLS this week?
| New Listing (1082) A slight bump over last week, but this will not give buyers the choices they want! | |
| Coming Soon (157) | |
| Back On Market (231) If these listings are arriving as a result of the post-holiday withdrawals, hopefully, they will have a better price and appeal. | |
| Price Increase (153) | |
| Price Decrease (1264) | |
| Pending (987) This number has grown from last week, and I would expect it to be over 1,000 by next week. | |
| Withdrawn (133) | |
| Leased (0) | |
| Closed (654) A very, very slow week. This number would populate from transactions in early to mid-December 2024, so it is probably in line with expectations. | |
| Expired (314) Will these be coming back with a new Listing Broker? These could add to the supply very quickly! |
With the number of active listings bouncing around between 4,000 to 6,000, buyers still return home with the properties they want to buy hiding from them. Note to Sellers, with interest rates hovering right now around 7%, this is no time to test the upper limit of a property’s market acceptance. Buyers always want last years prices, and sellers will always want next year’s prices. This market requires a bit more nuance when pricing to hit the market target.
Not unlike weeks past, the number of active listings continues the curve toward lower numbers of listings, this will change in the next few weeks. Look for the line on the right hand side of this graph to turn up as soon as next week!
Today, we have a market with 5,749 Active SFR Listings. This is just +/- 200 more than last week. I expect a pretty large jump by the end of January. Stay tuned for a review of my 2025 Crystal Ball. It hasn’t let me down so far this year. Hahaha…
In the meantime, I will repeat my closing remarks from last week. Dee and I have several new listings coming up this month and into the first quarter of 2025. We also have several active buyers not finding their dream home. Let’s connect and make it happen for you in 2025.
MyTownCryer 
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