Many our clients, if not all, will remember me saying, “It’s the Catharsis of the Process.” A cleansing if you will. A buyer will have different emotions than a seller, but on both sides of the ball, intense emotions are eventually released which make the process more understandable. Right now, in the Denver Market, there are a lot of pent up emotions. Buyers are fearful of the next phase of this market, and Sellers are stuck wondering what happened to the last phase of this market.

Dee and I have been through many market cycles together. In the late ’70s we saw rates skyrocket. In the mid to late ’80s, we watched the Savings and Loans on every corner taken over by the RTC. In the ’90s we saw a return to normalcy to some degree, and then as we turned the corner with “Y2K” we were off to the races. You could simply tell the lender what your Earned Income was and get a loan. Well, by 2008, we know how that story turned out. In 2010 we had 25,000 active listings, today we have around 10,000. Still nothing to brag about, but every market is different!

So, let’s jump right into what happed in the last 7 days in Denver SFR Market. We report on single family properties in these stats, and we cover the 11 counties in close proximity to Denver which pretty much defines Denver’s MSA.

This week we observed a lot of pin action. We are into the Selling Season for 2025, but it is just different than last year. The pins are moving, but not at the pace or volume we would like to see.

So, what have we learned from the last 7 days? Like so many years past, Supply is growing, Demand is not keeping pace, and the Ratio of Closings to Inventory is leading us toward more Supply, and not the favored Shortages of years past.

Up next, What does the Total Supply of Active Listings look like?

Last year at this same time, we had only 5,590 Active SFRs on the market. This morning, we have 7,762 Active Listings. On a percentage basis that’s an increase of 38%. Wow, that is a huge increase by percentage, but for a MSA of 3.25M residents, this is still not a lot in shear numbers. I’m not saying this is a good thing, but it is certainly not a nightmare either.

We can’t think of a life change affecting one’s level of homeownership to which we haven’t assisted. Do you want your friends over, do you want your family around, do you want to have fun in your home? A good plan, leads to good decisions, and good decisions lead to a fun happy experience in life. More than ever in this market, you need an experienced Realtor by your side. We are here for you!

TheCryerTeam@Kentwood.com