I think the 1960s band of Buffalo Springfield sang it best, “I think it’s time we stop, children, what’s that sound, Everybody look what’s going down…” It was the beginning of “folk rock” and everyone was looking for a message.
Today’s message #BytheNumbers. Denver’s MLS reports 1,513 New Listings with just 1,253 Under Contract and even fewer closings at 1,005. Granted, it was a “holiday week” on either side of Labor Day, but we have had enough successive weeks in row now to see “what’s going down”…
Several factors are at work here. First, a typical seasonal movement toward a supply and demand ratio leaning toward the buyer’s favor. Second, we watched the Denver Market crank double digit appreciation for a number of years, and it is simply natural for things to “cool off”. And, finally, there is an incredible number of rental opportunities coming to market, and some buyers are just “waiting it out”, again…
New Listing (1513)
Back On Market (250)
Price Increase (175)
Price Decrease (1561)
Under Contract (1253)
Withdrawn (171)
Leased (62)
Sold (1005)
Expired (258)
Sellers offered up 175 price reductions which is substantially down from previous weeks. Let’s see how this looks now that summer is over, school has started and fall is fast approaching. Next weeks blog post will be telling. Stick with us!
Remember, we’re here to help you see “what’s going down”. Pick up the phone, text us, or email us to start a dialogue for 2020. It’s never too soon to start planning…tc
Dee & Tom Cryer 303-638-3202 or TheCryerTeam@Kentwood.com
Finally, there are a few of you out there that just can’t find us. Well, here’s how!
When it comes to making changes to your home, not all renovations are created equal. If you’re like most Americans, your home is probably your biggest investment, so it’s important to focus on renovations that add value to that investment, first and foremore. 
With Denver’s hottest summer in years not chilling out any time soon, here are seven great ways to beat the heat… 
Metro Denver is a seller’s market by months of inventory, but continues to head towards a balanced market, with conditions favoring buyers — like historically low interest rates, price reductions, and more homes to choose from with more time to choose. 
With the unofficial end to the summer season, #LaborDay, upon us, what have we learned, what will we be learning and how to benefit from this knowledge all right here this morning at 
In closing, none of this happens without guidance. None of this happens without trust. And, none of this happens with an app on your phone. So, reach out to us. Make time to visit with us. We are never too busy for a phone call. The time has come to get your feet wet. After all, it is #LaborDay!
“U.S. Secretary of State William H. Seward signs a treaty with Russia for the purchase of Alaska for $7 million. Despite the bargain price of roughly two cents an acre, the Alaskan purchase was ridiculed in Congress and in the press as “Seward’s Folly,” “Seward’s icebox,” and President Andrew Johnson’s “polar bear garden.”
There is an old expression. “Buyers want last year’s prices, but sellers want next year’s prices.” This is extremely true when the market is rapidly appreciating. Buyers and Sellers always have a choice until they don’t. We believe there is nothing more complicated than the minds of buyers and sellers. They can swing from one “Must Have” to another “Must Have” in a single afternoon of showings. So, let’s not drift…
So, as we look back to the top and reread our opening quote, we don’t want you to be that buyer or that seller. We want you to be in the present with a clear view of what’s happened and what could possibly happen. This is why you need a plan. A clear and open plan with all parties involved. Let’s spend an hour together and work on that plan. The choice is yours.
MyTownCryer 
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