Denver Metro Real Estate Market Report January 2025
Discover Key Insights and Trends
As the new year unfolds, the Denver Metro Real Estate Market Report January 2025 reflects positive momentum, with increased inventory and stable home prices. With 4,340 new listings and a median home price of $575,000, buyers and sellers are adjusting to evolving market trends. Let’s dive into the data.
Year-Over-Year Market Insights
January 2025 saw notable growth compared to January 2024:
- New Listings: 4,340, up 28% year-over-year.
- Closed Sales: 2,262 homes sold, a 6% increase from last January.
- Median Closed Price: Increased 2% to $575,000.
- Pending Contracts: 3,076 homes under contract, signaling stable demand.
- Median Days in MLS: Homes averaged 47 days on the market, 10 days longer than January 2024.
Month-Over-Month Market Trends
Compared to December 2024, the January market showed typical seasonal trends:
- New Listings: Dropped by 31% due to the holiday season.
- Pending Contracts: Declined by 16%, reflecting a slight buyer slowdown.
- Closed Sales: Decreased by 1% month-over-month.
- Median Closed Price: Held steady at $575,000.
January 2025 Inventory Levels
Expanded inventory provided more options for buyers:
- Active Listings: 6,888 homes, a 46% increase from January 2024.
- Property Types: 67% detached single-family homes, 33% townhomes and condos.
- Regional Availability: Denver and Arapahoe counties lead with 43% of active listings.
Regional Highlights
The market varied across different areas of Denver Metro:
- Douglas County: Median home price: $572,000, up 1.6% year-over-year.
- Arapahoe County: New listings increased by 27.7% compared to last year.
- Jefferson County: Homes averaged 46 days on market, up from 37 last year
What This Means for Buyers and Sellers
- For Buyers: Increased inventory offers more choices and negotiation opportunities.
- For Sellers: Prices remain stable, and demand is holding steady despite seasonal fluctuations.
Contact Your Trusted Real Estate Advisor
Phillip Booghier
LIV Sotheby’s International Realty
Phone: 303-961-6956
Email: [email protected]