In January, the Greater Metro Denver housing market experienced a substantial rise in active listings, jumping 44% year over year. This marks the highest start-of-year inventory since 2014, when more than 6,000 homes entered the market. New listings increased significantly from both the previous month and the same time last year. Meanwhile, demand—measured by pending sales—held steady year over year, closely mirroring activity in 2023 and 2024. On average, homes spent 59 days on the market, a 23% increase from last year.

Supply - Active Listings

In January, active supply was up 5.2% month over month and remained elevated when compared to January 2024, which saw 5,071 active listings.

New Listings

January saw 4,226 new properties enter the market. This data point increased a whopping 132.5% when compared to last month, which saw 1,818 new listings. Last year at this time we saw 3,206 new listings.

Demand - Pending Sales

Demand, a snapshot of new pending sales, increased by 31.7% when compared to last month. Last year at this time we saw 3,031 pending sales.

Percent of Closed Price to List Price

This data point was equal to last year and last month.

Average Days in MLS

January saw the number of days on the market at 59 days, on average. Last month saw 55 days and last year at this time saw 48 days, on average.

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Reports based on data from REColorado®, Inc. 

GREATER METRO DENVER INCLUDES THE FOLLOWING COUNTIES:

  • Arapahoe, Adams, Broomfield, Denver, Douglas, Elbert and Jefferson
  • Reports are based on information from REColorado®, Inc. for the period shown in title. Note: This representation is based in whole or in part on content supplied by REColorado®, Inc. REColorado®, Inc. does not guarantee nor is in any way responsible for its accuracy. Content maintained by REColorado®, Inc. may not reflect all real estate activity in the market. •Information deemed reliable but not guaranteed.
  • © 2020 Land Title Guarantee Company. All rights reserved.

Mortgage Data Source: Freddie Mac


Posted by Neil Walton on
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