We try to go to a concert of some kind at Red Rocks every year. Last week it was Brit Floyd. I’ll leave you to do the research on this one, but if you know Pink Floyd, think of them as better than a tribute band. Let me tell you, it was spectacular!!! It rained, it chilled off a good bit, and everyone stayed for more. With a full concert season ahead of us, who knows, we may even take in a second show this year!

What happened with Denver Single Family Home Sales this week.

Certainly not an indication of a dramatic market crash, but also, it is not healthy with Pending and Closed Listings don’t keep up with New Listings!

Here’s snapshot of May’s Activity;

Let’s look at total inventory now.

We reached our highest level of inventory in more than 10 years. But 13 years ago Denver’s market had double this number. Either way, 10,698 is a lot of active Single Family Listings. This is a little more than 9 weeks worth of inventory. We have to pay close attention whenever we coast past 2 months supply. I’m afraid, this market will drift into summer malaise sooner this year without some serious help from 30 year fixed rates!

As always, do not hesitate to lean in on our experiences and our experience. You can always reach both of us at TheCryerTeam@Kentwood.com. Let’s make a plan for your next move!