The moon last night was almost like a sunrise. It lit everything up even before it was above the trees!

Denver Market Watch
New Listing (1391) Well back from last week. Is this seasonal already?
Coming Soon (200)
Back On Market (274)
Price Increase (89)
Price Decrease (1986) Still not getting it right from the start!
Pending (1246) Not a bad week, but nothing spectacular here.
Withdrawn (185)
Leased (0)
Closed (944) This 900 +/- number seems to be repeating itself week after week.
Expired (323)

Over the last 7 days, we have not had a significant change from the previous few weeks except, the growth of New Listings is stabilizing as opposed to increasing in great numbers each week as we saw earlier in the year. This is a good sign as we drift into a pre-fall season. So, no one should be singing, “Henny Penny the Sky is Falling”.

It is a similar story for Total Active Listings, we are consistently staying under 9K. Consistent numbers are a good thing in a market facing new headwinds almost every week. Fortunately, we had a rate decline this week. Buyers rushed in to help clear some new inventory. I’d like the Fed to announce at least a .25 to a .50 rate decline. Wouldn’t you?

We’ll see you next week with a Hunter’s Moon… TheCryerTeam@Kentwood.com