Can you feel it? There is almost no portion of this modern lifestyle in which we roam where anger does not reside. In fact, there is pent-up anger waiting for a trigger. This is not good for anyone, anywhere, anyhow. Am I right? So let’s ease into today’s post and let’s see where it takes us. Let’s not keep our heads in the snow or opt for sand.

This week, we are finally seeing the spring marketing season obtaining some traction and real supply in the marketplace, but closings are down. Suspense is real. Please read the comments below.

Market Watch

New Listing
1271 This is real progress for buyers. Growing inventory…
Coming Soon
216 No significance today…
Back On Market
250 This is always a sad day for sellers…
Price Increase
136
Price Decrease
861 Significant improvement with this number is needed!
Pending
1298 It’s always a good week when Pendings exceed 1,200!!!
Withdrawn
136
Leased
74
Closed
838 Sorry folks, this is not a good sign. Well below 1,000 is a sign of weakness.
Expired
185 No significance to discuss here.

As far as our Total Active Listings are concerned, we have ratcheted up a good bit in the last month. It will be my job to watch this, but today we stand at 4,529 in Total Active Listings. This has been growing every week over the last month. Now, with Closings down, it can only go higher. Supply always impacts the marketplace. I’m guessing right now, we will see more of this trend until rates subside.

Total Active Listings as of today from all 11 counties making up the Greater Metro Denver Market Area.

As we watch this Market unfold completely into the spring and summer marketing seasons, there will be much to report back to you. Stay tuned…tc