What’s important about the residential home sales market? If you’re not buying or selling, what’s important about the residential sales market right here in Denver? Right now?
The answer to that question is simple; JOBS. If you have a job and a home, life goes on. You go to work, you pay your bills and you maintain a level of stability in your life. Of course along the way, you have some fun too!
Let’s take a look at this week’s MLS data and catch a glimpse of what’s happened, and what might be happening.
New Listing (1429) Seasonally typical.
Back On Market (259)
Price Increase (100)
Price Decrease (1606) Not as bad as last week!
Under Contract (1363)
Withdrawn (230)
Leased (37)
Sold (1209) The seasonal effects are visible here.
Expired (343) This number is telling us something. Seller fatigue?
Overall, this is not an extremely telling week. All our numbers are off a little bit this week. Maybe it’s the election, maybe its interest rates or maybe it’s Russia, China, Saudi, etc. As they say, “predicting the future is for fools and newcomers”. None of us profess to being foolish, but we all try to predict the events to come. Wouldn’t it be great if we could do a better job of it.
With all this being said, The Cryer Team is here for you. To answer your real estate questions, assist with your planning and looking out into 2019, now is a great time to make a plan. What’s important to you? We’ll be here for you, just give us a call….tc
There are more homes to choose from today than in the past four years. In fact, since July the active inventory has grown by 7.36%. At the end of August, there were 8,228 active listings on the market. 
So, you’re finally ready to make some updates to your home, but you don’t have the time or perhaps the skills to take on a home improvement project. In that case, hiring a remodel contractor is the best plan of action. 
This Halloween take your kids trick-or-treating in the neighborhoods with the most Halloween spirit! These communities are safe, give out the best candy, have the spookiest decorations, and there are sure to be plenty of other kids. 
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For Sale
Wow! The rate of price reductions in the Denver Market is accelerating! We don’t normally do #MidWeekUpdates, but with 1,720 price reductions in the last 7 days is huge. What does this mean?
Good Monday Morning To You All! Let’s take a look in the window…
Customers ask us all the time, “What’s the best time of year to put a house on the market?” There is no easy answer to this question, but here’s what we know. First, statistically, a listing going active in the early spring tends to get closer to list price in a shorter period of time. With that being said, we sell houses 12 months a year. There are more listings available in the spring, but there tends to be more buyers too. As we close out a year, we tend to “run out” of “fresh” inventory, and as a result, listings tend to languish longer because they are not fresh.
As you can see above, it was a week with little excitement. One of those 1,653 was ours, one of those 1,236 was ours and one of those 1,463 was ours. We are constantly “in the market”. Don’t hesitate to contact us. It’s a lovely day in the neighborhood!
MyTownCryer 
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