It tells a lot! If you grew up in the Northeast, you would have had a “Settlement,” while most other parts of the US you would have had a “Closing”. We could go on forever, but let’s rest right here. Geographical differences, cultural differences, etc, are all a part of everyday life. Why do Woody Allen Movies do so well in New York, but they are lost on most in Oklahoma City? Differences are real. Assisting Realtors with “Fair Housing” is easier in some areas, and to a lesser degree, others. The world is complicated, and so is our local real estate market.

On that note, let’s see what happened over the 7 days in Denver’s Single Family Residential Market in the surrounding 11 Counties.

Not a bad week, but not a good week. We could almost declare it to be a “Balanced Market”? Let’s look at the Total Listing Activity.

What do we know? Last year at this same week, we had 10,000 Active Listings. Today, we have 8,739 Active Listings, but that is up from April, when we had only 7,768 Active Listings. So, although our supply might look greater than last year, we could probably argue that there are fewer buyers due to rates bouncing around, and sellers staying put due to a lack of replacement choices.

Any way we measure it, this market is transitory. One week, Inventory looks good, and contracts are up; the next week, New Listings are up, and Closings are off. These variables are in constant flux.

One thing is certain: going it alone is dangerous. On a weekly basis, we hear stories about less-than-excellent or no representation at all when purchasing a home. Don’t do it! The stories on the back end of these transactions are very sad.

TheCryerTeam@Kentwood.com or

303-773-3399