Andy Rooney coined this phrase on “60 Minutes”. From 1978 to 2011, Andy would come on and say, “Did you ever wonder why?” The hook was set, and we would anxiously wait for Andy’s story. His ability to blend humor with social commentary was extraordinary! He was most typically on the side of humor, but he would always try to be positive while sharing a solution. Andy is long gone now, but he has been replaced by X.
On the X platform, I am able to pursue humor, social commentary, the stock market, political policy, the crazy stuff Chuck Schumer espouses, or just be entertained. There is nothing closer to the news than when a governor Tweets something, and then I can follow thousands of responses over time. There are some very unpopular governors on X. If you are an X follower, you can find us at @MyTownCryer.
This week our MLS report for Denver Single Family Residences looks like this…
| Denver Market Watch |
| New Listing (1716) A very strong number of New Listings. Supply will jump up! Buyers should be happy! | |
| Coming Soon (325) This number is up too! | |
| Back On Market (285) | |
| Price Increase (149) | |
| Price Decrease (2305) This is our Achilles Heel! | |
| Pending (1453) Not a bad week. This number continues to prove we are into the spring selling and buying season, but sellers have arrived in full force! | |
| Withdrawn (193) Gave up this week. | |
| Leased (0) | |
| Closed (1025) Whenever we are over a 1,000 it’s a good week, but this is not enough to kwell inventory growth. This is worrisome. | |
| Expired (313) |
Now, let’s talk about Total Active Inventory! Boy did It did jump!!!
Let me sort the numbers for you:
Today 9,158 Active Listings; May of 2024 we had 6,590; 2023 we had 5,209; in 2022 we had only 3,888; and in 2021 when buyers were waiting in line to get into an Active Listing, there were only 2,273. So, we’ve dissolved from a market appreciating at a double digit rate to a market where Zillow is predicting in excess of a 3% decline. This is still only 8+ weeks of supply. We’re not giving up! Title Companies, Lenders, RE Brokers, Inspectors and more are out here for you trying our very best to make your transaction a positive experience. As you will see, our market will Eb and Flow, but over time, it is a positive experience.
Let’s talk about this from a more broad point of view. Here is an image of price trends in Denver All Types over the years.
If you purchased in 2015 you’ve had a great run. What I really want you to observe thuogh is over time, everyone does OK. Timing is very important, make no mistake residences in Denver appreciate over time and are a sound investment.
As you can see, this market gets more complicated everyday. We are out there in the market everyday with buyers and sellers. Lean in on our experience and experiences. We most likely have a plan for you. As we go through this market adjustment, we can report to you every week on what’s happening, and you can follow along right here!
MyTownCryer 
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