Along the order of things making you scratch your head, the three hashtags above were in the top 5 Google searches yesterday and today.

I can understand #Bitcoin, it is on another one of its epic runs; now over $50,000. I can understand #LunarNewYear, but are you telling me, there are 200,000 people in New York City who don’t have an app telling them what the weather might be? Come on….

Anyway, over the past 7 days, we’ve seen the market wake up a little bit, but not much.

Denver Market Watch

New Listing
963 With under 1000 New Listings, this is becoming common place. It is predictive of a shortage.
Coming Soon
224 This is ramping up a little, it could be a good sign moving forward for buyers.
Back On Market
197
Price Increase
175
Price Decrease
730 Still coming on the market too strong…!!!
Pending
1042 This is a strong week, still early in the “selling season”.
Withdrawn
123
Leased
76
Closed
734 This is not a great number. Hopefully, the Pending Number will keep inching up and get some more buyers to the closing table.
Expired
177

Let’s look at some more broad Denver Market Watch Numbers. First, where has the Total Active Listing Number gone? We continue to see the total number of active listings in our MLS system erode as we come into the new year, however, if we factor in “Builder Inventory” the story shows a much greater number of available properties. We are going to keep a close eye on this.

Our Closed Sales to Active Listings Ratio is in line with past years of normal markets, but looks well out of line compared to the days of 3% interest rates. I’m predicting a more normal market with a more definable balance of supply and demand.

In closing this week’s Town Cryer, Dee and I look at what we do as Family Wealth Protectors. We take time to learn your true path to ownership. Whether you are moving up, a first time buyer, a last time buyer or somewhere in between, we have your family’s best interest at heart. For most households, the residence is routinely the most important asset. We want you to know, this is what is most important to us.

We’ll be there for you every step of the way…tc

TheCryerTeam@Kentwood.com