International, National, State, and Local obstacles confront the homebuyer and home-seller. We are here to help sort some of this. We have some urban markets with almost no inventory, and rural markets with a similar front, and visa versa. Overall, we have more inventory than a healthy market should have. Deciphering these realities is difficult. We have employed Absorption Rates for many years, to help us with our projections. This is still a solid approach. This can also help you.

Let’s look at this week’s numbers!

Total Active Listing has dropped from the two previous weeks. New Listings have slowed. We may be approaching our fall market sooner than would normally occur, or we may be in a temporary swing toward balance. Time will tell us the truth!

The Total Number of Active single-family homes in the Denver Metro Market came down this week. At 11,152, this is well below the previous two weeks. After a few weeks of this, we might start to see an improved balance at these current interest rates. I’d like to see this trend continue!

The headwinds facing us in this market are strong. There is no real relief in rates in the immediate future. Although the metro area continues to support strong job numbers, income has not kept up with current interest rates, which has adversely affected affordability.

We are here to decipher this market. In our practice, we are fortunate to have urban, suburban, and rural clients. This gives us a perspective few enjoy. Along the way, we try to provide our clients with the most support. Asking questions, listening to answers, and ultimately projecting our experience into their buying and selling transactions.

Give us a call, let’s create a plan. Failure to plan is a plan for failure. You can always email us at TheCryerTeam@Kentwood.com or the office at 303-773-3399.