In December, the Greater Metro Denver housing market reflected typical seasonal trends, with month-over-month declines in demand, new listings, and overall inventory. However, inventory remained higher than usual throughout much of 2024. As a result, active listings in December were 23% higher than the same time last year, and the months’ supply of inventory increased by 19% compared to December 2023. Homes stayed on the market longer, averaging 55 days, while the number of showings required to go under contract rose to 17.9—an 8% increase both month-over-month and year-over-year.

Supply - Active Listings

In December, active supply was down 28% month over month but remained elevated when compared to December 2023, which saw 5,287 active listings.

New Listings

December saw 1,819 new properties enter the market. This data point decreased 30.9% when compared to last month, which saw 2,631 new listings. Last year at this time saw 1,650 new listings.

Demand - Pending Sales

Demand, a snapshot of new pending sales, decreased by 15.0% when compared to last month. Last year at this time we saw 2,251 pending sales.

Percent of Closed Price to List Price

This data point was equal to last year and declined 0.1% when compared to last month.

Average Days in MLS

December saw the number of days on the market at 55 days, on average. Last month, and last year at this time, both saw 45 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.

Mortgage Data Source: Freddie Mac

Posted by Neil Walton on January 2nd, 2025

January 2025: Denver Real Estate Market Update