Let’s jump right into this week. With spring upon us, it’s selling season again, and we need to get busy!

Denver Market Watch

New Listing
1628 Another big week for new listings. Buyers have to be happy about this!
Coming Soon
218
Back On Market
300
Price Increase
100
Price Decrease
1817 Across the market, prices have had to be improved to encourage buyer engagement.
Pending
1566 This is a very good week. Rates and Inventory are on the buyers’ side.
Withdrawn
122
Leased
0
Closed
975 This is not strong enough. We need to get these from Pending to Closed!
Expired

So, overall, not a bad week, good for buyers, but still frustrating for sellers. The old adage still holds true; “Buyers want last years prices, and sellets want next years prices.” The problem is we are no longer sure who can get what.

Whar about supply? Total Active Listings of SFR properties in the Denver Metro Market is 6,820. It could be argued, this is virtually now change from last week, but it is up, but less than 100 Total Listings.

I’m not sure we will ever see markets like the spring and summer of 2021 and 2022 where we had virtually no supply again. We have to feel good about this market. Rates have dropped, supply is offering buyers choices, and the market is very kind to sellers pricing right and ready to move on.

Dee and I have built pipeline of new listings coming up, and we have a number of relocation buyers coming from out of state. As stated before, we are observing a break in rates. It may be just the right time to jump right in to the Denver Market, and we know just the Realtors to help you.

You can always reach us at TheCryerTeam@Kentwood.com

Thank You…tc