Well, it does. Not only does Homeownership account for about 16% of our GDP, but neighborhoods with a high percentage of Homeownership have less crime, successful schools, and greater civic involvement.

After a few weeks of fluctuating data, it seems we may be returning to more typical market conditions. Perhaps Mother’s Day has a greater impact than we realize.

Denver Market Watch

New Listing (1066) – This is a bit low for being in the spring marketing season.
Coming Soon (130)
Back On Market (170)
Price Increase (70)
Price Decrease (1105) – Clearly, as an industry, we are not pricing properties correctly.
Pending (976) – Not a big week here. This number should be higher!
Withdrawn (108)
Leased (0)
Closed (829) – A very slow week here. Why is a peak spring week so slow?
Expired (113)

What’s happened to the Total Residential Listing Count?

We have increased from 4,591 in January to 4,960 in February to 5,039 in March to 5,669 in April and now 5,948 in May. Last year at this same time, we had about 4,800 Active Listings.

Moving forward into today’s market is rigorous. Rates, Supply, Demand, and more are a Buyer’s and Seller’s nemesis. We have trained ourselves and over out experience to overcome these uncertainties. We’ll be there for all along your journey. TheCryerTeam@Kentwood.com