Everyone reading this has been somewhere other than their home. From down the road to across the globe. Travel is endearing. It can make you see the world through another lens. Similarly, part of the experience of getting there is how you will get there.

The same can be said for your current home, your new home, or your dream home. Will you drive, ride, walk, bike, or something I haven’t thought of yet. In college, I rode my bike to class on every sunny day. Sorry, I don’t ride a bike in the snow. Have you kept track of this?

Well, depending on where and how you’re going, you will be interested in what happened last week in Denver’s Residential Market.

Denver Market Watch

New Listing – This is a huge number, huge! The biggest of the year!!!
1700
Coming Soon – About the same as last week.
257
Back On Market
289
Price Increase
119
Price Decrease – This is the biggest number I’ve seen, ever!
1595
Pending – Looking at this as the spring marketing season, this is a healthy number, but by no means is is above average.
1363
Withdrawn
192
Leased
88
Closed – Once again, this is a great number considering what we’ve been seeing. What do you think is triggering all this activity?
1437
Expired
418

It looks like spring has sprung! It’s kind of exciting to see what happens next! We’ve not seen inventory explode like this for many months. Will it continue?

Now, let’s look at the Total Number of Active Listings over the last 10 years!

This Data Chart tells us, that inventory is growing. The numbers look like this. January 4,591, February 4,960, March 5,039, and now that April has closed out, it finished up at 5,659. That’s about a 23% increase since the end of January. Good for buyers, I would think. Sellers are starting to understand that starting out with a List Price being too high is very detrimental to their sale…

So, we’ve learned a lot today. We continue to have a typical spring marketing season with good Under Contract Activity, but slightly below average Closed Inventory numbers. As we move into May’s numbers it will be interesting to see if we fall into a more “normal” statistical level.

We’ll keep in touch, please do the same…tc