The national headlines are calling it: Housing inventory growth is starting to “weaken”. But what does that actually look like here in our local SMDRA market?

I’ve crunched the latest REcolorado data through March 2026, and the numbers show a supply-side squeeze.

The “Double Hit” to Supply:
Total Inventory is Shrinking: Total active listings are down 5.5% year-over-year (9,320 vs 9,861).

The Tap is Turning Off: New listings—the fresh lifeblood of the market—have dropped 6.7% compared to last March.
National vs. Local: While the U.S. average for new listings fell 7.9%, our local detached market is holding a bit firmer, but our attached (condo/townhome) sector is seeing a sharper 9.8% decline in new supply.

The Bottom Line:
We are entering the peak spring season with less to sell than we had last year. When both current stock and the “flow” of new homes are down simultaneously, it creates a “pattern interrupt” for the typical spring surge.

For Sellers: Your competition is lower than expected for this time of year.
For Buyers: Precision and data-backed bidding are more critical than ever as the selection narrows.