MyTownCryer

Plateaued Progress

February and March new home sales rebounded from January’s dismal 583,000 seasonally adjusted annualized sales (SAAS), the weakest monthly total since 10/22. Yes, March sales were up 7.4% M-o-M but were up just 3.3% Y-o-Y, and sales have been tightly rangebound between 600,000-700,000 SAAS since 1/23. Moreover, elevated inventories, declining median sales prices, meaningfully higher interest rates since the Iran War, and gas at $4.50/gallon suggest very limited near-term upside. 

Spring cleaning breathes new life into closets, those quiet storage sanctuaries hiding winter’s bulky coats, forgotten shoes, and seasonal clutter. As days grow warmer and sunlight streams in, it’s the perfect time to declutter: sort clothes by season, donate what no longer fits or sparks joy, and organize shelves with bins and dividers. Freshen fabrics with lavender sachets, wipe down dusty surfaces, and rearrange for easy access. A tidy closet transforms chaos into calm, boosting morning routines and mental clarity. Embrace the ritual—let go of the old to welcome lighter, brighter days ahead. Your wardrobe (and mind) will thank you.

With that being said, what about the last 7 days in Denver’s Single Family Residential Market.

Above, it is clear buyers are waking up just like sellers. We gained 150 SFR Active Listings. This is minimal in this market with 7,501 Active SFRs. I’m calling it a wash.

Let’s look at our Chart.

It is my humble opinion that the Denver SFR market is holding its own with previous months, and YOY it is performing better than the last 2 years. With this said, some SFR markets are slow. If builder activity is available nearby, the builder’s pricing controls the market. Neighborhoods rise and fall from grace quickly with the headwinds we face. Colorado has been stung by job loss. This Blackswan will circle until this improves. Jobs mean house sales. In recent months, we have lost some major players. These aren’t huge numbers, but they are important employers.

We will be watching this closely and reporting back. The election cycle will be divisive leading up to November. Traditional voters are angry at bad policy and unnecessary regulation, and progressive voters don’t think social issues have received enough support.

Between job loss, economic setbacks, voter issues, contentious is not a strong enough word for the election cycle brewing over the next 6 months.

We have boots on the ground every day. Our office is the most productive in the under-100-broker classification. We look forward to communicating with you however you choose, but you can always reach us at TheCryerTeam@Kentwood.com and 303-773-3399.

St. Patrick’s Day celebrates Ireland’s beloved saint on March seventeenth. Green hues dominate as people wear shamrock pins and festive attire. Parades march through cities with bagpipes and dancers performing jigs. Pubs overflow with Guinness and traditional songs. Families enjoy corned beef feasts and Irish soda bread. Leprechaun tales enchant children dreaming of rainbows and gold. This holiday honors faith, courage, and cultural roots. It unites Irish descendants and admirers globally in joyful revelry. Beyond the parties, it reminds us of resilience against adversity. Embrace the luck of the Irish with smiles, music, and community spirit on this emerald occasion. Erin go n***d…