Good Morning Everyone!
Sometimes the Fog Blocks Our View…
As you know, we publish this weekly update to keep our followers across all media informed. It becomes more difficult to anticipate what the trend will be for the rest of the year about now. Here’s what we know. We still have below normal supply, and we almost identical levels of new product coming on the market as last year. We have higher rates than last year, and we have higher energy costs than last year.
Here’s my prediction, seller’s will become frustrated more often by not going under contract right away like last year. This will lead to more price reductions than in the past. Buyers will become more demanding on sellers for condition, appeal and quality items. No longer will they “Take it ‘as is'”. Sellers will be forced to make repairs and/or credit buyers for these items. Rates are going to swing within a narrow range. Seldom if ever do we see big rate moves during an election year.
Speaking of elections, don’t expect September and October to “add big” to the numbers as we move into the fall season. This election will be stirred up in the media. Many will become captivated.
So, that’s why we may be in a fog, just like this morning, for the rest of the year. What do you think is going to happen, and how should we adjust to the market?
The “Dog Daze of Summer” are upon us. Note our comments below.
Denver MLS Report/Last 7 Days
More than once in our careers, we have been faced with a change, a nuance, an outside influencer and more. The market is always changing, and one neighborhood can perform better or worse than another depending on; you guessed it, Supply and Demand.
Let us help you through this, “Every Step of the Way”.
For Sale
The first winner was Clark Jackson from way down into the gardens on the lower level. Although Clark was the first one to see the second gift card, she could not get there before 
Phelps Blair picked it up from the edge of the putting green. Finally, from the top of the water falls, Jeff Lopez risked life and limb to capture the elusive third gift card. 
Everyone was such a good sport, and everyone continued on tour with a bit of energy and fun associated with a good old fashion scavenger hunt.
a lovely Baby Shower for our Grand Daughter (We know the name…). We’ve been Grand Puppy Sitting. And, we anxiously await the newest members of the Cryer Clan.
There is good news if you are a prospective home buyer in the Denver area. Last month, the market experienced a near 25% increase in the number of homes on the market from April, with an active inventory of 6,437 single-family homes, townhomes and condominiums. 
Looking for a way to cool off this summer? Colorado might be landlocked, but there are still plenty of incredible places to take a swim. Make your way to some of the best and most beautiful swimming spots in Colorado! 
Whether you are building a new home or remodeling an existing one, the window style you choose will help define its look. The right windows just seem to fit the design and complement other building components. 
A few weeks ago, I mentioned we were just about to breakthrough the 2,000/week threshold. Well, this week we did it! We closed 2,037 transactions last week. Title Co’s were busy! That’s a great number, and it is completely in line with historical seasonal activity. We close more homes in June every year than we do in December.
In the meantime, have a great week, enjoy the merits of this special holiday. Let’s all fly a flag for our great nation!
As we roll into the last week of the first half, we’ve seen all kinds of volatility from Wall Street and other world markets. We’ve seen a roller coaster in the interest rates, but my bet is we’ve seen most of the highs for the year already. As we march into the summer malaise, we are still seeing homes with desirable location/site characteristics and certain floor plans still being chased by market participants. We had multiple offers over the weekend on a list price of $1,750,000.
A magnificent ranch purposely placed at the end of a quiet cul-de-sac in Castle Pines Village. Call to set your appointment today…tc
MyTownCryer 
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