Hello Everyone,

I took part in a special gathering last week. Whenever one travels, returning with new knowledge is a treat. This one is not new, but it is relevant. Our group was from 15 states and 3 countries. “It is never as bad as you think, and it is never as good as you think.” Those were the words.

From this short statement, we had a great discussion with examples of why this is true. Rates eventually fall in line with the market long term. Supply and Demand eventually balance. Fear is our downfall but greed is too! I stepped onto the arena of residential real estate in 1976. I have observed so many nuances, cycles, external forces and fake trends. Once a market defined by “Location, Location, Location” is now defined by “Timing, Timing, Timing”. Residential real estate is a “Riddle wrapped in a mystery inside an enigma”. So, let’s look at today’s numbers and see how good or bad this market might be.

With the 1st Quarter of 2025 in the books, let’s see how all this plays in to today’s market. Supply, Demand, and market movement looks like this.

Denver Market Watch

New Listings
1612 Another strong week of new listings. Buyers need to be ready. The house they’ve been looking for is just around the corner!
Coming Soon
323 This is up a good bit over last week. This is a sign buyers!
Back On Market
255
Price Increase
163
Price Decrease
1610 Buyers, are you paying attention. The house that was overpriced last month is right inline today!
Pending
1486 This is a good week! Buyers are getting on board…
Withdrawn
144
Leased
0
Closed
1295 Still a lot of catching up to do here, but much a much stronger number than last week!
Expired
471 Seller’s are giving up after a price reduction…

These numbers are telling us although buyers are in the market, sellers are too, but closings are not keeping pace. As a result, we are seeing a slow drift toward unsold resale inventory. Anecdotally, we are seeing Home Builders offering strong incentives to clear off their inventory. The resale market will be forced to follow along!

What about the total number of Active SFRs in our market place?

During 2024 we had 4,983 active listings in January, 5,381 in February, and 5,590 in March. So far in 2025 we’ve observed 6,458 in January, 6,921 in February, and 7,136 now in March. For all three months in both years, we are up about 1,500 Active Listings across the board. This is about a 25% increase across the board. This is a clearly measurable event. It relates to our Back on Market, Expired, and Price Reductions. Let’s keep this in mind as we negotiate from the buyer’s point of view and establish list prices from the seller’s point of view.

The Denver Market has always been tough to define. Moving from Location, Location and Location to Timing, Timing and Timing has established a threshold of pain or exuberance from years past. Give us a call, let’s talk about it. We are here for you whether a buyer or seller, we can bring rational thought to the process. TheCryerTeam@Kentwood.com