03/11/2025 “As the World Turns”

“Ladies and Gentlemen, Let’s have a find hand for The Band”, as the story goes. Each Tuesday throughout the year, I do my very best to make this blog post in a clear, concise, and cogent manner for everyone to learn a tidbit or two. So, let’s dive right in!

Denver Market Watch
New Listing (1589) This is a very healthy number for buyers. On your mark, get ready, GO!
Coming Soon (283) Pretty typical.
Back On Market (238) Abour 15% of contracts fail right now.
Price Increase (120)
Price Decrease (1503) We are. in the midst of a market change, and this is the first identifier.
Pending (1456) A very good week reflecting strong buyer activity!!!
Withdrawn (111)
Leased (0)
Closed (950) Less than last week, but still nothing to be ashamed of. Let’s get some of these across the finish line.
Expired (248)

Overall, this was not a bad week, but the spike in new listings, although probably seasonal, is telling of a market with more supply than demand at this point in time.

Now, let’s take a look at total supply…

It’s important to note here. At 6,548 Total Active Single Family Listings in the Denver Metro Statistical Area, this is almost 18% more than the same time in 2024. Additionally, it is 218 more than last week. So, even though we are observing a strong Pending Status, week over week, we are not absorbing the difference, and the net effect is a growing supply. We will be keeping close tabs on this. and reporting back each week.

In the meantime, you can always reach out to both of us at TheCryerTeam@Kentwood.com

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About Dee & Tom Cryer

Your Trusted Advisors in the Homeownership Business! TheCryerTeam@Kentwood.com
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