Denver home inventory even tighter than it appears, Redfin report finds

Since when is 30 days "stale?" A balanced market is considered 180 days. Anything less is a seller's market (low inventory of homes - fast turnover); absorption rates greater than six months indicate a buyer's market (oversupply of homes). I don't think Redfin is going to change the way economists look at absorption rates or how the rest of the industry looks at inventory. Days on Market are only one measure of a market's health. I wouldn't necessarily look to a relative newcomer to the market to be changing the way we think.

Interesting post.  We have low inventory but homes are averaging 92 DOM here in Phoenix.  It will be interesting going into the summer months.  We're busy in the desert from April through September!

When the going gets tough, thanks yourself, "what would John Elway do?" My friend Mike told me that one. A little levity. :)

In all seriousness and I hope for all the best for you, I'm sure it will bounce back with flying colors and steamers and unicorns! Be well and happy!