The Denver Metro housing market has kicked off 2025 with intriguing trends and opportunities. Here’s a detailed look at the key stats and insights from December 2024, highlighting the dynamic real estate landscape of the Greater Metro Denver area.
Key Market Highlights
Single-Family Homes
• Average Price: $759,350 (Up 4.2% YoY)
• Median Price: $631,500 (Up 4.4% YoY)
Condos/Townhomes
• Average Price: $439,715 (Down 6.4% YoY)
• Median Price: $385,235 (Down 6.0% YoY)
These figures emphasize the growing demand for single-family homes, while condos and townhomes present opportunities for buyers.
December 2024 Market Trends
Active Listings: 6,485 (22.7% YoY increase)
Inventory remains elevated compared to last year, offering buyers more choices despite seasonal declines.
Pending Sales: 2,474 (9.9% YoY increase)
Pending sales reflect strong interest, even with a typical seasonal slowdown.
New Listings: 1,819 (10.2% YoY increase)
Fewer new listings entered the market in December, reinforcing seasonal norms.
Months of Supply: 1.9 months
An increase from last year’s 1.6 months provides a more balanced market.
Days on Market: 55 days (22.2% YoY increase)
Homes are taking longer to sell, giving buyers more time for decision-making.
Showings to Pending: 17.9 (7.8% YoY increase)
Buyers are conducting more thorough evaluations before committing.
Showings per Listing: 4.8 (9.4% YoY decrease)
The number of showings per listing has decreased slightly compared to last year.
Annual Insights
• The number of closed listings resembles levels from 2012 and 2023, highlighting the importance of strategic timing in buying and selling.
• Single-family home prices remain at elevated levels, confirming their strong market appeal.
• The condo/townhome segment shows promise for buyers, with declining prices offering attractive entry points.
What This Means for You
Whether you’re considering buying, selling, or investing, now is the time to take advantage of these market dynamics. Corken + Company’s expert team is ready to provide personalized advice to help you achieve your real estate goals.
Looking to maximize your property’s value? We specialize in white-glove service, ensuring your home stands out in today’s competitive market.
Contact Us Today
Have questions about the Denver Metro real estate market? Contact Corken + Company today to start your journey with a team that prioritizes your success. Let’s make 2025 your best year yet in real estate!
