When one spends a week in the desert and it rains, it’s a good life. Also, time in the desert allows one to think from a different point of view. One of the things affecting the #OffPavement participants is government. One of the things affecting #Homeowners is government. And of course, the gray area of #TrailClosures and #ApplianceMandates is asking for forgiveness rather than foregoing. I hope this makes sense; remember, I’ve been spending time in the desert where things happen in #GeologicTime.

As we go about our daily lives, #Shelter, #Transportation, and #Sustenance day in and day out, I believe we begin to lose perspective. Let’s face it, in some fashion, we all work for the man! As we take back our perspective through travel, exercise or even a Zac Brown Concert down the street, #TheGreatThomasa’s little head has become pretty darn good at identifying the “conspiracy”.

Long story short, as we work toward reporting an accurate picture of the Denver Residential Market, we have absolutely no control over the external forces. Rates, War, Markets, People, Location and a million other factors not identified here. So, let’s jump into it and put the last two weeks into perspective. #DenverMarketWatch

Market Watch

New Listing
1226 This is a good late season number. Buyers getting more and new choices!
Coming Soon
123 Very low, next week looks bleak for New Listings!
Back On Market
283 Coming and going, a lot of inspection items not being resolved.
Price Increase
152
Price Decrease
1604 WOW, this number is HUGE! Clearly seasonal softening of the market.
Pending
966 Not a great week, but let’s follow this one very closely…
Withdrawn
244 Sellers giving up. We will see more of this as we move closer to Thanksgiving.
Leased
60
Closed
788 This is really weak. This number has been running at 1,000 or more. WE will watch this.
Expired
269 Giving up, similar to Withdrawn added together is really Market Threatening!

So, Seasonal Softening is clearly apparent, Now, let’s take a look at Total Active Listings this month.

With 7,838 Active Listings one year ago, and only 6,513 Active Listings today, we are not in an area of potential market collapse, but we are approaching a tipping point from a Sellers’ Market and at least a balance. This would tend to suggest a buyers market is just around the corner. Right? Not sure, it will depend on the attitude of rates.

In closing, it was very difficult to get my father to talk about his time of war in the Pacific. He would simply say, “There is nothing good about war.” Yesterday, I read this, “The only winner in war is the defense industry.” It does not diminish what my father professed, it is simply the realization, businesses and people often prophet from misfortune of war.

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