MyTownCryer

At this point in the market cycle, we would normally see some break toward the buyer. Sellers are still living the dream, but there may be some hope on the horizon! We have seen a significant shift in the total number of SFRs Active in our 11 Counties surrounding and including Denver increase in numbers.

With this being said, that number is still so far below normal, I’m curious to see how this all unfolds. Will we be living #aNewNormal? Let’s start with the weekly numbers Tuesday to Tuesday.

New Listing (662). This is incredibly low. My hopes for buyers has been dashed again!
Coming Soon (272). Nothing to brag about into the future here!
Back On Market (114)
Price Increase (187)
Price Decrease (201)
Pending (1514). Wow, where are buyers finding these listings? This is a big mid-season number.
Withdrawn (67)
Leased (51)
Closed (1224). Once again, strong weekly numbers here for closings.
Expired (94)

The two graphs below might lead you to the same conclusion as me. Please, take a look…

This next graph is the last 12 months of Listing Activity.

LSS, we are witnessing limited new inventory coming on the market each week, strong buyer demand sweeping the shelves clean every weekend, and subsequently, available inventory is dragging anchor along the bottom right now. Since March is the historical start of an active listings season, buyers may be in for a rough ride in this market of short supply.

Don’t wait to keep up with home maintenance. It adds up and becomes insurmountable. Keep it clean along the way.

Planning a little spring cleaning this season? Here are some tips to help:
• Declutter and donate first. There’s no point in cleaning items you no longer want or use!
• Start from the top. Begin by dusting the air vents, ceiling fans, and high-up cabinets. Do the floors last.
• Go room by room. Use a checklist to ensure each space gets a deep clean.
• Clean your appliances. Vacuum your refrigerator coils, run a load of bleach through your washer, and degrease that oven.
Don’t forget the outside of your home, too. Clean up the garage, your shed, the yard, and other outdoor spaces. Happy Spring!

Great Weather Coming, Enjoy!

Have you ever been trapped on a plane next to an undesirable passenger? Bare Feet, Bad Breath, Drunk, Oversized, you name it; it makes for an uncomfortable trip. I was once witness to a passenger pass out on the floor in front of me by just a few rows. He was so big, it was impossible to move him. He road out the flight on the floor and we stepped over him on the way to the jetway. I was told by the passenger sitting next to him, “He’s on the way to meet his girl friend in Denver”...

So, what is this all about Tom? It’s about the unpredictability of the world, country, state, county, city and community in which we live. Can you imagine? In the real world, one’s HOA can raise the month fee, one’s city can raise sales tax, one’s county can stop offering services like trash pick up, one’s state could stop the exploration for natural gas, the US could make leaving one’s home against the law, and a world leader could invade your country and systematically remove family, friends and neighbors from this planet.

Let’s see how all this has affected us over the last 7 days…

New Listing (823) Here’s the GOOD! If you are a buyer, we can now say we are into the seasonal growth of new listings on a weekly basis. The number of new listings coming to market has grown for the last 3 weeks. Ready Set Buyers…
Coming Soon (252) Same as last week here.
Back On Market (108) This is solid. Less than 10% of contracts failed.
Price Increase (282)
Price Decrease (151)
Pending (1422) Buyer activity is real and rates aren’t slowing them down!!!
Withdrawn (79)
Leased (45)
Closed (1238) Once again, buyers and sellers are finding their way to the closing table…
Expired (158)

With this excitement behind us over the last 7 days, what has happened with the total number of active listings?

OK Everybody, we are here to show you that even with all the new Pending Listings over the last 7 days, we have seen a solid 10% growth in the Total Active Listings. Let’s digest this.

WE may have seen the best week to be a seller. Rates, War, Inventory Increasing may be conspiring to shift this market toward a more NORMAL mix of supply and demand; MAYBE? Whenever any kind of market tries to return to “normalcy” it takes time, and the numbers will be volatile.

Moving forward, of course, we will be following this very closely and bringing updates to you weekly but for today; The GOOD is growing supply (Not normal but better for buyers), The BAD has to be interest rates. Every 1% increase in 30 year fixed interest rate takes 10% of the potential buyers out of the market. Whenever buyers are removed from the market due to economics, it’s a bad thing! The UGLY has to be the uncertainty surrounding world events. Watching WAR from one’s TV is heart wrenching and truly disturbing!

In the final analysis this week, if you are a potential seller, let’s started sooner rather than later. If you are a buyer in this market, let’s sit down and go through the steps necessary to compete in this market. There is a formula for success. We can help you with that…tc

I’ve promised many times over the years with this blog to keep you honestly informed on Denver Market Watch Events. Let’s dig deep today!

New Listing (627) On a percentage basis this number is up 20%, but starting from such a low baseline, it hardly puts a dent in the shortage buyers are facing in this market.
Coming Soon (213) Once again, up about 25%, but this will hardly make a difference.
Back On Market (96) Really unchanged here.
Price Increase (155) This is a tactic Listing Agents have been employing when too many offers come in over List Price. I’m not sure what it does for the transaction.
Price Decrease (160) This number is little changed.
Pending (1340) With more supply, we would be getting even more accepted contracts. This shows us the “Back Room” is full of demand. If this opens up with even more moving into March and April, could we set some records? Maybe!
Withdrawn (71)
Leased (41)
Closed (937) This number has not jumped. Let’s look at this next week as we roll into month’s end.
Expired (75)

So, overall, we are starting to see some seasonal growth in weekly inventory. I would follow this up with, “I wish I could see April’s Numbers now!”

Let’s look at the total of active listings in all price ranges in the Denver Metro MLS System.

So, as I like to say/write, “Long Story Short”, If you’ve been waiting on the sidelines because you are smarter than the market and are willing to wait this out for the next, “BIG SHORT”, enjoy yourself. If you are ready to buy, and have a 3-5 year horizon in Denver, (#WWTCD) I’d be a buyer. Home ownership is a wonderful thing. Just ask me. The benefits of homeownership are far reaching; make no mistake about it!

We would be proud to walk into battle with you. Please give us a call. Let’s make a battle plan and take this market on together…tc

Before you read this, what state do you think sends the most new residents to Colorado?

• Story name: States sending the most people to Colorado
• Canonical URL: https://stacker.com/colorado/states-sending-most-people-colorado
• Written by: Stacker
• Description: Stacker compiled a list of states where the most people are moving to Colorado using data from the U.S. Census Bureau.

States sending the most people to Colorado

The U.S. population between 2019 and 2020 grew at the lowest rate in 120 years—just .35%, according to the U.S. Census Bureau. But low population growth didn’t stop many people from moving, as western and southern states saw influxes in population while California and New York saw the biggest drops.

Stacker compiled a list of states that are sending the most people to Colorado using data from the U.S. Census Bureau. States are ranked by the number of people that moved to Colorado from the state in 2019.

The 2019 National Movers Study found that the states with the most inbound moves were Vermont, Idaho, Oregon, Arizona, and South Carolina. Keep reading to find out which states are sending the most people to Colorado.

#30. Michigan

– Moved from Michigan to Colorado in 2019: 3,101
— 1.3% of new residents that moved from another state
— #17 most common destination from Michigan
– Moved from Colorado to Michigan in 2019: 2,459
— #28 most common destination from Colorado

#29. Indiana

– Moved from Indiana to Colorado in 2019: 3,114
— 1.3% of new residents that moved from another state
— #13 most common destination from Indiana
– Moved from Colorado to Indiana in 2019: 2,050
— #31 most common destination from Colorado

#28. Pennsylvania

– Moved from Pennsylvania to Colorado in 2019: 3,362
— 1.4% of new residents that moved from another state
— #21 most common destination from Pennsylvania
– Moved from Colorado to Pennsylvania in 2019: 1,631
— #35 most common destination from Colorado

#27. Alabama

– Moved from Alabama to Colorado in 2019: 3,422
— 1.4% of new residents that moved from another state
— #9 most common destination from Alabama
– Moved from Colorado to Alabama in 2019: 2,042
— #32 most common destination from Colorado

#26. Maryland

– Moved from Maryland to Colorado in 2019: 3,555
— 1.5% of new residents that moved from another state
— #13 most common destination from Maryland
– Moved from Colorado to Maryland in 2019: 1,960
— #33 most common destination from Colorado

#25. Oregon

– Moved from Oregon to Colorado in 2019: 3,619
— 1.5% of new residents that moved from another state
— #7 most common destination from Oregon
– Moved from Colorado to Oregon in 2019: 5,730
— #11 most common destination from Colorado

#24. New Jersey

– Moved from New Jersey to Colorado in 2019: 3,677
— 1.5% of new residents that moved from another state
— #15 most common destination from New Jersey
– Moved from Colorado to New Jersey in 2019: 3,314
— #22 most common destination from Colorado

#23. Wyoming

– Moved from Wyoming to Colorado in 2019: 3,860
— 1.6% of new residents that moved from another state
— #1 most common destination from Wyoming
– Moved from Colorado to Wyoming in 2019: 3,129
— #24 most common destination from Colorado

#22. Nevada

– Moved from Nevada to Colorado in 2019: 3,888
— 1.6% of new residents that moved from another state
— #5 most common destination from Nevada
– Moved from Colorado to Nevada in 2019: 3,206
— #23 most common destination from Colorado

#21. Louisiana

– Moved from Louisiana to Colorado in 2019: 3,901
— 1.6% of new residents that moved from another state
— #6 most common destination from Louisiana
– Moved from Colorado to Louisiana in 2019: 1,881
— #34 most common destination from Colorado

#20. Oklahoma

– Moved from Oklahoma to Colorado in 2019: 4,412
— 1.8% of new residents that moved from another state
— #5 most common destination from Oklahoma
– Moved from Colorado to Oklahoma in 2019: 9,020
— #5 most common destination from Colorado

#19. Ohio

– Moved from Ohio to Colorado in 2019: 4,432
— 1.8% of new residents that moved from another state
— #17 most common destination from Ohio
– Moved from Colorado to Ohio in 2019: 3,905
— #18 most common destination from Colorado

#18. Wisconsin

– Moved from Wisconsin to Colorado in 2019: 4,454
— 1.9% of new residents that moved from another state
— #7 most common destination from Wisconsin
– Moved from Colorado to Wisconsin in 2019: 3,125
— #25 most common destination from Colorado

#17. Missouri

– Moved from Missouri to Colorado in 2019: 4,801
— 2.0% of new residents that moved from another state
— #7 most common destination from Missouri
– Moved from Colorado to Missouri in 2019: 4,032
— #16 most common destination from Colorado

#16. Nebraska

– Moved from Nebraska to Colorado in 2019: 4,861
— 2.0% of new residents that moved from another state
— #2 most common destination from Nebraska
– Moved from Colorado to Nebraska in 2019: 2,816
— #27 most common destination from Colorado

#15. New Mexico

– Moved from New Mexico to Colorado in 2019: 4,895
— 2.0% of new residents that moved from another state
— #3 most common destination from New Mexico
– Moved from Colorado to New Mexico in 2019: 5,038
— #12 most common destination from Colorado

#14. North Carolina

– Moved from North Carolina to Colorado in 2019: 4,930
— 2.0% of new residents that moved from another state
— #13 most common destination from North Carolina
– Moved from Colorado to North Carolina in 2019: 6,089
— #9 most common destination from Colorado

#13. Minnesota

– Moved from Minnesota to Colorado in 2019: 5,523
— 2.3% of new residents that moved from another state
— #8 most common destination from Minnesota
– Moved from Colorado to Minnesota in 2019: 3,647
— #20 most common destination from Colorado

#12. Tennessee

– Moved from Tennessee to Colorado in 2019: 5,549
— 2.3% of new residents that moved from another state
— #9 most common destination from Tennessee
– Moved from Colorado to Tennessee in 2019: 4,674
— #13 most common destination from Colorado

#11. Massachusetts

– Moved from Massachusetts to Colorado in 2019: 6,053
— 2.5% of new residents that moved from another state
— #9 most common destination from Massachusetts
– Moved from Colorado to Massachusetts in 2019: 2,094
— #30 most common destination from Colorado

#10. Kansas

– Moved from Kansas to Colorado in 2019: 6,544
— 2.7% of new residents that moved from another state
— #3 most common destination from Kansas
– Moved from Colorado to Kansas in 2019: 7,224
— #7 most common destination from Colorado

#9. Virginia

– Moved from Virginia to Colorado in 2019: 6,796
— 2.8% of new residents that moved from another state
— #12 most common destination from Virginia
– Moved from Colorado to Virginia in 2019: 4,588
— #14 most common destination from Colorado

#8. Georgia

– Moved from Georgia to Colorado in 2019: 6,985
— 2.9% of new residents that moved from another state
— #11 most common destination from Georgia
– Moved from Colorado to Georgia in 2019: 2,904
— #26 most common destination from Colorado

#7. Washington

– Moved from Washington to Colorado in 2019: 7,333
— 3.0% of new residents that moved from another state
— #6 most common destination from Washington
– Moved from Colorado to Washington in 2019: 6,829
— #8 most common destination from Colorado

#6. New York

– Moved from New York to Colorado in 2019: 7,965
— 3.3% of new residents that moved from another state
— #14 most common destination from New York
– Moved from Colorado to New York in 2019: 5,754
— #10 most common destination from Colorado

#5. Illinois

– Moved from Illinois to Colorado in 2019: 10,153
— 4.2% of new residents that moved from another state
— #11 most common destination from Illinois
– Moved from Colorado to Illinois in 2019: 3,455
— #21 most common destination from Colorado

#4. Arizona

– Moved from Arizona to Colorado in 2019: 10,616
— 4.4% of new residents that moved from another state
— #3 most common destination from Arizona
– Moved from Colorado to Arizona in 2019: 14,684
— #3 most common destination from Colorado

#3. Florida

– Moved from Florida to Colorado in 2019: 14,124
— 5.9% of new residents that moved from another state
— #13 most common destination from Florida
– Moved from Colorado to Florida in 2019: 13,656
— #4 most common destination from Colorado

#2. California

– Moved from California to Colorado in 2019: 29,350
— 12.2% of new residents that moved from another state
— #6 most common destination from California
– Moved from Colorado to California in 2019: 15,085
— #2 most common destination from Colorado

#1. Texas

– Moved from Texas to Colorado in 2019: 32,295
— 13.4% of new residents that moved from another state
— #2 most common destination from Texas
– Moved from Colorado to Texas in 2019: 18,189
— #1 most common destination from Colorado

Was you guess correct?