When I can’t think of a topic, I throw a bunch of ideas on the Subject Line and wait to see what sticks. Today, it looks like everything sticking.

#Summer is not over just because schools are opening. You can still go to the pool, etc. Personally, I have always believed September offers one of the best months in Colorado, and somehow, it was hijacked by public schools systems across the state. I do not like it one little bit!

#Election2024 is going to go down as one of the most disruptive in our history. It is already way out of the normal bounds of election protocol, but there will be more! I promise. Put your tray tables in their upright position.

#Rates, this is the first moment this year for me I have felt rates might ease a bit before the election. With the gyrations on #WallStreet, a huge portion of the population on fixed income (And loving every minute of this added income), and home buyers/sellers putting off their buy/sell decisions, we might actually see a window of opportunity in the next few months. The Fed has to keep rates up to keep entities buying our debt. High rates keep the dollar strong. On the other hand, big rates keep a lid on economic growth which is terrible for the incumbents during an election year. “A riddle, wrapped in a mystery, inside an enigma”. Am I right?

Let’s dive right into it. This week, we saw a very active week in our MLS System, and it deserves a closer look.

Denver Market Watch

New Listing
1345 This is a pretty strong number. It is showing at least some sellers are getting on board.
Coming Soon
196
Back On Market
293
Price Increase
114
Price Decrease
2016 This is out of control! Sellers have to get real in this market…
Pending
1356 Not a bad week and keeping pace with new inventory…
Withdrawn
237
Leased
0
Closed
1239 A very good week. This market is waking up!
Expired
586

All indications are of a market that is vibrant and moving forward. Rates, Elections, and Wall Street be damned! Let’s look at the Total Supply of Active Listings Now.

We’ve observed the inventory numbers jump from 4,748 in January to 8,541 today, but this is a decline from the end of June which reported 8819 Active Listings. Have we turned the corner?

To get the answer to that question and more, you’ll need to come back next week, and the week after. It’s a good habit to get after.

In the meantime, give us a shout. TheCryerTeam@Kentwood.com