(303) 771-3850
Madison & Company logo
Near Me

Back To Blog

January 2025 | Denver Metro Market Stats

"Each January brings optimism and a renewed sense of purpose. We reflect on the previous year's accomplishments and set new goals for the year ahead. At the beginning of the month, many buyers found themselves in the same place as they were this time last year - seeking to purchse a new home and hopeful for friendlier market conditions. While market conditions have not changed much, sentiment has. This is our market environment, and it's likely here for the foreseeable future. In some ways, that brings stability - decisions become more complex when too many unknowns exist. We expect mortgage rates to remain steady, while price growth has stabilized. Inventory remains a key factor we are monitoring, as the balance between supply and demand is the most significant variable influencing the market right now."
 
Amanda Snitker
Chair of the DMAR Market Trends Committee | Denver REALTOR®
  • LUXURY MARKET ($1,000,000+): "With the holidays in our rearview, many prospective buyers and sellers turned their focus towards the real estate market. For homes in the $1 million segment, sellers wasted little time getting to market, with new listings up 227.17 percent over last month and 45.41 per­cent over last January. Buyers, however, were more cautious, with pending sales rising modestly by 35.06 percent month-over-month and 11.15 percent year-over-year." Andrew Abrams, DMAR Market Trends Committee Member & Denver REALTOR®
 
  • SIGNATURE MARKET ($750,000 - $999,999): "While the market was cold this past December, warmer temperatures are bringing out buyers, and sellers who listed early may capitalize on the beautiful weather! Still, the market is slow to warm, and the days in MLS for homes sold in January reflect the slower winter, with many unsold homes still lingering on the market. The median days in MLS for both attached and detached homes in this segment was 49, marking a 36.11 percent increase from 2024 and a 19.51 percent rise from December 2024. An early selling spring season may be upon us, with new listings skyrocketing." Heather O'Leary, DMAR Market Trends Committee Member & Denver REALTOR®.
 
  • PREMIER MARKET ($500,000 - $749,999) "We started 2025 with uncertainty. After a dismal end to 2024, who knew what would happen come the new year? With a new presi­dent, persistently high mortgage rates, inflation affecting the cost of everyday goods, and natural disasters - January 2025 was certainly one to remember! As Realtors®, we are constantly asked where the market is headed - and for the first time, many of us had no clear answer. Then, a sigh of relief! While December felt like trudging through mud, January started off with a bang. For the $500,000 to $749,999 price segment, January saw increased activity compared to December 125.24 percent more new listings (yes, you read that right!) and 25.25 percent more pending sales." Susan Thayer, DMAR Market Trends Committee Member, and Denver REALTOR®.
*Remarks from Pages 14-15 of the January 2025 Market Trends Report from DMAR
 

ActivePipe Message ID: 2857068

    Add Comment

    Comments are moderated. Please be patient if your comment does not appear immediately. Thank you.

    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

    Comments

    1. No comments. Be the first to comment.