It's a Seller's Market!

Dated: June 26 2020

Views: 235

Let's take a Market Minute to update you on the current Denver real estate trends from last week.  With 2020's Covid interruption, we won't be comparing this time last year to the present.  We're going to take it week by week! So what are we seeing!?!  The mad dash to move -Spring Rush- is happening NOW in the Summer, but we have a delimma! Inventory is drastically low Nation-wide, especially here in your backyards.  Our pre approved home shoppers can't find what they want and we need your listings! Are you wondering what the market looks like.  

Here's the Meat and Potatoes Version of what's happening. Check it out below or visit:  https://www.recolorado.com/market-statistics/weekly-june-15.aspx

According to our local MLS, REColorado, the week of June 15th had week over week market indicators that show:

  • Here's a positive!  Pending sales increased 5%
  • 1,131 listings closed, an 8% decrease. THIS MEANS WE NEED HOMES TO SELL! It's SLIM PICKINGS sweet people.  
  • Sellers brought less new listings to market last week. Therefore, DENVER HAS LIMITED inventory!
  • More GOOD NEWS! The average number of days on market was 8 days! My rule of thumb is PRICE IT RIGHT...IT SELLS OVERNIGHT.  PRICE IT WRONG...IT STAYS TOO LONG.  

So what does this mean for you? This means that we want YOU to give us a shot at being your trusted resource for all things real estate.  The Wendy Weeden Group at EXIT Realty Cherry Creek is lead by an award winning Broker with access to multiple markets and can provide top notch service like no other, whether selling, buying or looking for invesment properties.  We'd like to offer you a FREE no obligation home value report or help shopping for your next home.  All you have to do is visit us at Search4HomesColorado.com

Stay tuned for our next Market Minute Update and Real Estate Trends! Weekly Market Update

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Wendy Weeden

Wendy Weeden is a highly sought out, multi-state Realtor for EXIT Realty and holds awards for production and sales as a Multi-Million Dollar Producer. Wendy holds a license in SC as team leader and L....

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