In the early ’70s, Alvin Toffler wrote a book called Future Shock. I read it about 1979. Apparently, the Future Shock took a while to catch up with me. Anyway, the hypothesis of the book was pretty simple. Things will change as we move into the future so fast as to create Information Overload. He argues that the accelerated rate of technological and social change leaves people disconnected and suffering from “shattering stress and disorientation”—future shocked. 

Holy Moly, the more things change, the more they stay the same, or “plus ça change, plus c’est la même chose”. Anyway, as we deal with our ever-growing dystopian urban areas, we are now faced with the “most dangerous thing mankind has ever been faced with”; an evolving technology called AI. Soon robots will tell us what to do; as the fatalists would have us believe. I have a feeling we’ll still be able to pull the plug, but who knows?

LSS, we still call the shots, we decide if we want to make the world a better place, keep it the same, or let it grind itself into oblivion. So far, it seems a lot like a book written in 1970.

Over the last 7 days, Denver’s Residential Real Estate Market has looked like this.

Market Watch

New Listing – Nothing to see here. We are not seeing sellers rush to the market!
819
Coming Soon – Once again, nothing to see here. This is about normal.
257
Back On Market
164
Price Increase
69
Price Decrease
771
Pending – This is an OK week. Normally, this number would be well over 1,000!
968
Withdrawn
82
Leased
0
Closed – I’m not sure why this number is dropping off so much. The market seems more active than this anecdotally.
840
Expired
97

In the big picture of things, this is just another week in Denver during 2024 with no real surprises except, all levels of activity seem below normal for a spring marketing season.

What about the total single-family residential inventory or Total Active Listing?

We’ve seen inventory slowly expand into the spring marketing season. 4,591 Active Listings in January to 4,960 in February and closing out March with 5,039. Next week, we should see April’s numbers, but I don’t expect a significant surprise. This market could easily be described as lagging in malaise.

As always, we will keep you informed of potential future trends, forecasts, and ideas… It’s what we do!

TheCryerTeam@Kentwood.com