Homeownership plays a crucial role in fostering stability, economic growth, and community development within society. One of its primary benefits is providing a sense of stability and security to individuals and families. Owning a home gives people a place to establish roots, build relationships, and create lasting memories. This stability is particularly important for children, as it can contribute to their overall well-being and educational achievement.

Let’s see what’s up this week. Our MLS is pumping out some amazing numbers again this week. Let’s read the comments associated with the last 7 days right now.

Denver Market Watch
New Listing (1616) Another amazing count here. After last week’s surprise, this is even a bit bigger!
Coming Soon (209)
Back On Market (264)
Price Increase (110)
Price Decrease (1935) Never a good sign, it’s getting worse every week.
Pending (1198) Not a bad week, but not sufficient to control the Supply/Demand Ratio.
Withdrawn (268)
Leased (80)
Closed (1004) An average week in the heat of the market season. A clear slow down indicator.
Expired (214)

If this market continues to add 5-600 new listings above the absorbed (Closed) activity, we will continue the move toward a buyers’ market. Let’s see how the total number of new listings has changed in a week.

To watch the numbers from this market week in and week out, and then all of a sudden to see a jump like this is surprising, to say the least. Moving up to 7,795 (7,800) Active Listings has not been seen since July 2014. We are going in on a wild ride folks. Get ready for a splashdown…

We have increased from 4,591 in January to 4,960 in February to 5,039 in March to 5,669 in April to 7,335 at the end of May, and now 7,795 as we move deeper into June. Last year at this same time, we had about 5,440 Active Listings. This is a dramatic change in a short time. WE believe it is important to understand, the virtue of homeownership extends well past its investment value as we discussed above.

And, that is why, Dee and I are here to assist, guide, and educate you on the trends, the neighborhoods, and when it might be best for you to dip your toes into this market. Please reach out to TheCryerTeam@Kentwood.com