That’s right, it’s raining. It’s 50*, and it’s raining. Rain is predicted for the rest of the week. Dee and I back up to 120 acres of Open Space. It is green, very green. We’re living the dream!
Even our residential market is showing some signs of renewed interest. Let’s be brief and be seated as my father would say.
| New Listing (1742) Fewer than last week. This will help quell the surge we’ve been experiencing. | |
| Coming Soon (258) A little high, but lower than some of our past spring weeks. | |
| Back On Market (335) | |
| Price Increase (100) | |
| Price Decrease (2750) This number is HUGE with a capital ‘H’. | |
| Pending (1401) A strong week. This is good! | |
| Withdrawn (239) Seller’s giving up is lower. | |
| Leased (0) | |
| Closed (1462) Let’s look at this. 1,462 closings in the last week. Times 52, and we would have an alltime record year, and monthly, that’s almost 6,000 Listings Closed. Is this a signal? | |
| Expired (624) |
There is always a BUT, right? We broke through 10,000 Active Single Family Listings in the 11 county Metropolitan Denver Statistical Area. But, with the 1,462 closings this week, that 10,410 Active Listings number is really just over 7 weeks supply at those closing levels. It’s alarming to break over 10,000 active listings, but this statistical area has about 3.25M people. Not many choices when observed from a more macro level.
The chart below confirms the market’s regularity of past years where we hit maximum competition in June, and the least competition in January. Something to ponder here, right?
Anyway, let’s team up. Together, Everyone, Achieves, More. We sat down with some past clients yesterday. They are making a move to be closer to family. The plan will be multifacitied, and we were able to offer some of our experience and share experiences to make the change smoother for them. WE can do the same for you. Let’s make a plan for you…
MyTownCryer 
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