It’s unbelievable how quickly 2024 has flown by. We are busy with all kinds of client needs. It’s different this time, but it’s not. Rates have hamstrung this market to where Buyers and Sellers have paralysis. Don’t want to sell; rates are too high. Don’t want to buy; rates are too high. I’m here to argue with these hypotheses.

This happened in the 1980s even to a greater extent. With about 4,737 Active Listings available in the Metro Denver Market, supply is up just a bit. A perfect time for buyers to jump in, and a perfect time for sellers to be actively shopping. Rates are rates, don’t let them dictate to you, go out and find a path to dictate to them! Also, it is an election year. Everyone will be trying to “sweeten the pie”. Let’s take advantage of all the great pie heading our way!

This is what the last 7 days have shown us. I will be commenting next to each Listing category. This is how a spring marketing season shapes up. It’s a good market.

Denver Market Watch

New Listing
1234 This number looks good to me. Over 1,200 will put some supply on the street.
Coming Soon
166 A little lower than last week.
Back On Market
212
Price Increase
119
Price Decrease
1051 We just can’t get this one right. Why not?
Pending
1304 A nice strong number here. This is keeping our supply down!
Withdrawn
138
Leased
59
Closed
1094 A good number. Remember last week under 1,000. Let’s keep it going!
Expired
187

There are clearly Buyers and Sellers taking advantage of this market. The market finds a way…

Now, let’s jump down to the Total Listing Count in Denver’s 11 surrounding counties. This week’s number is up just under 100 Active Listings. As we are moving into the spring season, this is not enough to get Buyers on the street.

We believe every Client should feel confident buying or selling their home. This is why it is so important to follow along here weekly with our Posts, and it is also important to open our monthly email with additional news, features, and market data. Your home is most likely, your largest asset. Let’s play this game together. We’ll be there with you every step of the way.

TheCryerTeam@Kentwood.com