While writing this post for MyTownCryer each week, I spend time thinking about the world around me. Sometimes it’s my beliefs, family, and career with Real Estate, but like today it’s just about random thoughts.
Before we examine the Denver Residential Market, we have to talk about Cheerios! Cheerios are something that have existed longer than me. In fact, arriving in the 1940s, who new 75 years ago, a breakfast cereal would still be an “A List” item? Why is it?
Do we resist change? Is this why? What is the wisdom we can take away from this knowledge? I would say first and foremost, Americans resist change until they don’t.
Cheerios are the Utility Player on the baseball team able to play almost all positions. They are that Senator or Representative that gets re-elected over and over again, but nobody knows their name. They might even be an MVP. They start off as snacks in a cup for toddlers and graduate as late-night nourishment for college revelers!
How does all this translate into wisdom? Most wisdom translates to staying power. Cheerios has staying power. Some neighborhoods have staying power, others have comeback power, and others coast along with no great energy or excitement.
You have heard how the 4 bedroom 2 story in the suburbs would become demographically obsolete, but builders are still building them. Who knew Covid would require that extra room as an office for Zoom calls?
This week the market is not really telling us anything new, but it is offering some affirmation to what we already know. Let’s take a look at the last 7 days of activity.
Market Watch
New Listing
1144 This is an increase from last week, but clearly not market defining.
Coming Soon
168 Not much here either.
Back On Market
241
Price Increase
150
Price Decrease
848 This is the stat that keeps on giving!
Pending
1134 Now, here’s a breath of fresh air! Properties going under contract at a much greater volume.
Withdrawn
122
Leased
84
Closed
944 Until this number is over 1,000 every week, I will not be convinced interest rates have run their negative course in this market place.
Expired
183
Here’s some interesting news about Denver! Ranked #1…
Now, let’s take a look at Active Listings in Total so far this month over the last 10 years.
With just 4,172 Active Single Family Listings, we are nearing a shortage coming into the spring marketing season. Will more sellers step in? Will rates ease? Stay tuned…
I’m crediting Faith Popcorn with this one:
“Visualizing tomorrow isn’t about having a crystal ball, but about diligently searching for signals in today’s culture. The most important step is consuming culture outside your typical boundaries. Make it a habit.”
This is exactly why we report on the Denver Residential Market every week. Looking at submarkets and wondering, consuming neighborhoods and locations for years gives us the wisdom to share with our clients making them confident in their decisions when it comes to buying or selling. Why does this happen and this doesn’t? Let us share this knowledge and experience with you…tc
MyTownCryer 
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