Inventory has grown 119% since January, and 134% year-over-year. We now have close to three months of inventory on hand. At the same time, we have seen buyer activity decline each month since March. We have 9% fewer pending contracts than last month, and this time last year. You can bet this trend will lead to motivated sellers being more aggressive on price and terms when selling their homes. We have seen interest rates trending down, settling around the 6.5% mark. The bulk of buyers will be keeping an eye out for rates closer to 6% before entering the market. With the market as volatile as it has been over the last two years, The Denver 100 is still finding ways to help buyer and seller navigate this market. If you know anyone with real estate goals in mind, please give me call.