Is this possible? This is from a speech at the WEF about 6 or 7 years ago. It has echoed loudly since then as the dichotomy of thought as to what a happy life is and will be. Will we be on the Starship never to return home again? Who knows, but in the meantime, I love my home. Every time I make that last turn and see my house down the street I refrain, “Home again, home again”.

Anyway, this week we are seeing some really low numbers! Is this the market for whom the bell tolls? Is this the result of higher rates, economic wows, politics, global uncertainty, and/or all of the above? Anyway, let’s take a look.

Denver Market Watch
New Listing (806) – Holy Moly, this is so low. Where have all the sellers gone?
Coming Soon (254)
Back On Market (152)
Price Increase (33)
Price Decrease (815) – Still not getting it on the first try!
Pending (763) – There really hasn’t been a week this year where this number did not approach 1,000 or more.
Withdrawn (87)
Leased (0)
Closed (667) – My goodness this is really low! I know we have a holiday weekend here, but this is not a good sign. This is a dramatic decline from the weekly number.
Expired (89)

So, with not-so-good news from the weekly numbers, what are we seeing from the Total Active Listing News?

Total Active Listing – Last 10 Years!

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 6,013 at the end of May. Last year at this same time, we had about 4,800 Active Listings. The times they are a-changin’.

Now, when all is said and done, this is nothing dramatic. Keep in mind, we were running with 26,000 Active Listings in 2011-12. It’s all relative. The fact we have so few new listings coming on in the last week will be very telling if the same occurs in the next 7 days without a holiday intervening.

In the long run, if you’re making a residential decision in this market on your own whether buyer or seller, you are probably walking a tightrope. “One side is fire and the other is ice”. Don’t be up there all alone. TheCryerTeam@Kentwood