Hello everybody! Andrew Malkoski here from The Denver 100. “So, How’s the Market?” I tell you what, it is a “Can Do” market. Let me explain: We just witnessed one of the most volatile real estate markets imaginable. Due to the stock market volatility, we saw the 10 Year Treasury Bill drop 45 basis points in 48 hours, then go up 53 basis points in 72 hours. This had mortgage rates dropping into the lower 6’s, and back up to 7% in that time. For a small percent of buyers who were paying attention to these rates, and were able to hit that window of opportunity, this was great. Largely that week was quiet on the showing front as many buyers chose to pause searches and wait for more stability.
All in all, though, the housing market is still seeing familiar trends. Active listings are up this April 26% over March, and 63% over April 2024. Pending properties are up 2% year over year, so buyer activity is on the rise, but falls well short of inventory growth. So here is what I mean with it being a “Can Do” market: If you want to sell, we CAN DO that. If you are looking to buy, we CAN DO that too. As the national economic market levels off, the Treasury Bills will come down 35 to 50 basis points over the balance of this year. Real estate will be the choice of many buyers currently sitting on the sideline, because we are seeing motivated sellers meet the demands of the market to help buyers with attractive concessions and price positions. If you are looking for help navigating this market, please reach out to me.
Thank you so much!