My first reaction is to stay put and remodel. On the other hand, remodeling is a genuine inconvenience. Most contractors want you out of the house now. Clear the way for inconvenience-free construction and movement of subcontractors!
On the other hand, moving is inconvenient. Where do I go to gain what I want at a price I can afford? Do I have to start over? Friends, schools, commutes, and more. Lions, Tigers, and Bears, Oh my… We’ve seen clients move across the street to get open space and three bathrooms upstairs. Where will you go?
And then, there are the foundational questions. Do I really want to give up that 3% mortgage? Do I want to give up that walk to the elementary school? Do I want to give up that 10-minute commute? The decisions make moving just as complicated as remodeling. So, for today, the answer will go unanswered.
Let’s move on to Denver’s Weekly MLS report for Single Family Residences…
| Denver Market Watch |
| New Listing (1074) There is no question, the rush to get on the market has slowed substantially from mid-summer. | |
| Coming Soon (106) | |
| Back On Market (282) | |
| Price Increase (148) | |
| Price Decrease (2029) This has eased somewhat, but it is still a tribute to how bad we are at an original list pricing. | |
| Pending (1164) A good week, not a great week. | |
| Withdrawn (231) | |
| Leased (0) | |
| Closed (1017) A good week, not a great week, but… | |
| Expired (456) |
We have clearly observed Pending and Closed Listings catching up and surpassing New Listings this week. This should translate into lower Total Active Listings. Let’s go see!
One can clearly see the “rounding” from the top as I’ve written about. We are down to 10,952 Total Active Single Family Listings. Little more than 300 fewer than last week, but still moving in the correct direction, and the rounding continues.
There are many good signs for the Denver Single Family Market. With this being said, there are still many obstacles out there, but even some of them are moving in the right direction. Rates have backed off substantially today. Job growth appears to be positive for 2025 in Colorado. Major highway projects see their conclusions in the next 12 months, and the Broncos have already won two comeback games this season. It’s a good life!
Dee continues to pick up 5-Star Reviews. Her continuous professionalism, tireless energy, and quest for knowledge are the keys to her successful transactions. She has a “No stone left unturned philosophy.” Doing what I do best, I’m here every step of the way!
Make your real estate transaction something special. Contact us at 303-773-3399 or TheCryerTeam@Kentwood.com
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