January 2025 Market Minute

As the Denver metro area entered 2025, the housing market showed resilience, with sellers bringing more inventory to the market and buyers staying engaged. Despite seasonal trends, January reflected steady home prices, an increase of new listings, and a competitive environment.

Month-Over-Month Insights

January brought a surge in new listings, more than doubling from December with a 130% increase. Despite this, closed sales declined 29% month-over-month, reflecting a slower start to the year in terms of finalized transactions. However, pending listings rose by 32%, suggesting buyer demand is picking up. The median closed price dipped slightly to $575,000 from $579,975 in December, while homes took longer to sell, with median days in MLS increasing from 41 in December 2024 to 47 in January 2025.

January Inventory and Pricing Trends

Denver metro’s active inventory at the start of 2025 saw a modest decline compared to last month, aligning with seasonal trends. The average closed price per square foot stood at $323, and homes sold for an average of 96% of their original list price, reflecting stable pricing dynamics. Attached homes had a median closed price of $399,925, while detached single-family homes sold at a median of $635,000. Attached properties also experienced slightly longer market times, with a median of 51 days compared to 46 days for detached homes.

Looking Ahead

With an influx of new listings and steady buyer interest, 2025 is shaping up to be an active year for the Denver metro housing market. As inventory expands, buyers will have more choices, and sellers may need to adjust expectations to remain competitive.