January 2025 Real Estate Market Report / Snapshots
Denver Metro Association of REALTORS | Colorado Association of REALTORS
Denver CO Real Market Snapshots by REMAX Colorado Realtor, Anthony Rael

At the beginning of the month, many buyers found themselves in the same place as they were this time last year—seeking to purchase 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.

January’s standout trend was the influx of new inventory. Both the attached and detached markets saw an increase of more than 100 percent from December and were up 38.50 and 29.11 percent, respectively, from January 2024. The Denver Metro typically sees an increase in new listings from December to January as sellers reenter the market after a slower time during the holiday season. Active inventory at month's end was up 57.83 percent year-over-year, giving buyers more options as the market enters the spring buying season. The median days in the MLS were up 28.57 percent year-over-year to 45 days - the highest median days in the MLS since 2015, a market unfamiliar to many in the Denver Metro area.

This increase in inventory is most concentrated in the $500,000 to $749,999 price point for detached homes and under $500,000 for attached homes. These price ranges tend to attract buyers who rely more on mortgage purchases than cash, making them sensitive to interest rate fluctuations. Detached homes over $2 million have seven months of inventory, and attached homes priced at $1.5 to $1.99 million are seeing 19 months of inventory.

Overall, market conditions are similar to those in January 2024. The higher mortgage rate environment lingers, and the optimism felt in January 2024 for multiple Federal Funds Rate reductions and lower mortgage rates did not materialize, presenting buyers with a rinse-and-repeat scenario. As a result, buyer activity was similar to January 2024, with 3,061 properties pending in January 2025, a slight decrease of 0.07 percent year-over-year, and 2,259 properties closed, an increase of 2.31 percent. The median sold price for attached properties increased 0.76 percent, and detached homes increased 2.08 percent. Total sales volume in January was up 7.43 percent, and the close-price-to-list-price ratio was up just 0.04 percent to 98.50 percent year-over-year.

The Denver Metro market's median sale price has increased from $317,000 in January 2016 to $575,000 in January 2025—an increase of 81.38 percent, averaging 9.04 percent per year. This serves as a reminder that real estate is a long-term investment and also a good time to jump into the market.

Our monthly report also includes statistics and analyses in its supplemental markets that include properties sold for $1 million or greater, properties sold between $750,000 and $999,999 and properties sold between $500,000 and $749,999.

Activity in the $1+ million market showed that 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.

The seasonal slowdown in listed homes, typical during the holidays, impacts the number of closed homes early in the new year. Closed transactions were down 32.10 percent from December. Fewer active buyers during the same window meant homes were on the market longer, causing median days in MLS to increase to 55 days from 44 last month.

Though a smaller sample size, attached homes over $1 million are no less immune to the challenges in the attached market caused by HOA fees, insurance premiums and taxes. Attached home sales started the year lagging behind the pace set at the outset of 2024, down 43.36 percent in sales volume. Detached homes over $1 million, for comparison, experienced a 32.97 percent increase in sales volume over the same time.

Below are my January 2025 Real Estate Market Snapshots/Infographics based on statistics publish by the Denver Metro Association of Realtors. If you or someone you know is interested in learning more about the impact of rising home values & current mortgage interest rates and how it may affect your decision to buy or sell, 'Just Call Ants' at 303.520.3179. Anthony is here to provide expert advice & counseling that will empower you to make the best, most-educated decision possible. Knowledge is Power - so get The Scoop and gain a better understanding of Denver's rapidly changing real estate market.

Denver Real Estate Market Snapshot : Average Sold Price+ Active, New & Sold Listings + Days on Market
Luxury Home Market : New Listings, Homes Sold, Sales Volume, Days on Market & Price/SqFt - Jan'25

Source: Denver Metro Association of REALTORS® Market Trends Committee and Colorado Association of REALTORS® Market Trends Committee
Infographics/Snapshots (c) Copyright 2025 by Anthony Rael, RE/MAX Alliance

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2025
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2024
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2023
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2022
  December 2022 - Denver Metro Association of Realtors Market Trends Report
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2021
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2020
  December 2020 - Denver Colorado Real Estate Market Statistics & Trends Report
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2019
  2019 Year-End : a 30-Year Historical Perspective of the Denver Real Estate Market
  December 2019 - Denver Colorado Real Estate Market Statistics & Trends Report
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2018
  December 2018 - Denver Colorado Real Estate Market Statistics & Trends Report
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2017
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2016
  December 2016 - Denver Real Estate Market Trends Report
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2015
  December 2015 - Denver Real Estate Market Statistics & Trends Report
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Archived Denver Real Estate Market Reports
Month-end Inventory, Average & Median Sales Prices, Days on Market (DOM), Price Appreciation, Sales Volume & More!
Archived Denver Colorado Real Estate Market Snapshots
A graphical look back at market stats and trends since 2015 : Infographics compliments of Anthony Rael

NOTES:
Interview requests from the media should be directed to DMAR's Marketing Communications at (303) 300-8490
The DMAR 'Premier Market' is defined as $500,000 to $749,999
The DMAR 'Signature Market' is defined as $750,000 to $999,999
The DMAR 'Luxury Market' is defined as $1,000,000 and over
11-Counties: Adams, Arapahoe, Boulder, Broomfield, Clear Creek, Denver, Douglas, Elbert, Gilpin, Jefferson & Park
Research:  Denver Metro Association of REALTORS® Market Trends Committee

The DMAR Market Trends Committee, part of the Denver Metro Association of REALTORS®, provides timely, consistent, and relevant monthly summaries of valuable local real estate market statistical data for both its members and the general public. Statistics from the “Denver Metro Real Estate Market Trends Report” provide data for the following counties: Adams, Arapahoe, Boulder, Broomfield, Clear Creek, Denver, Douglas, Elbert, Gilpin, Jefferson, and Park. Source of the reported data is REcolorado.

Real Estate Snapshots & Infographics Courtesy of: Anthony Rael, RE/MAX Alliance

  Media Coverage
Former Denver Metro Association of Realtors Market Trends Chairman Anthony Rael with RE/MAX Alliance is a trusted "go-to" real estate expert for local, regional and national media. Below is a list of recent media interviews with Anthony providing expert commentary. Below are a few of media interviews he's provided commentary on:

Denver Post - Once the king, cash losing a little cachet when it comes to buying a Denver home
Colorado Public Radio - Climbing Denver Home Prices Finally Spark Some Building
Colorado Public Radio - Denver Home Prices Are Still Climbing. The Good News? Price Growth Is Slowing
HousingWire.com : Mile-high Appreciation & Mile High Appreciation
Colorado Public Radio - As Buyers Spar Over Denver Homes, Veterans Find Themselves At A Disadvantage
VeroFORECAST Predicts Continuing Strength in Housing Market : Top Markets Rising 10 Percent Over The Next 12 Months
Denver Business Journal : Denver area housing market to see big value increase in 2018: Report
Denver7 & TheDenverChannel.com : Realtors warn of potential security flaw at homes listed for sale
Denver Post : Denver, northern Front Range real estate party ends in late 2019, new forecast predicts
Denver Business Journal [Video] : Battles are fierce for bidding homebuyers in metro Denver
Denver7 & TheDenverChannel.com : Thieves breaking into Denver homes are using real estate lockboxes to do so
5280 Magazine : Denver’s 2017 Real Estate Outlook
Denver Post : Denver area still lags in new home construction
Denver Business Journal : Metro Denver home inventory shortages persist as prices continue to grow
Denver Post : Metro Denver home prices slightly down, condo prices up in August: Rush on appraisals
Denver Real Estate Watch : Seasonal real estate peak
Denver Post : Home prices drop in metro Denver as affordability becomes an issue
Denver Business Journal : Metro Denver home prices continue strong gains
Denver Real Estate Watch : Record home price takes a breather
Worth Magazine : Influx of millennials creating exciting investment opportunities in Denver
Denver Post : Metro Denver sees a big jump in the inventory of homes for sale in June
Denver7 & TheDenverChannel.com : Finding a home for sale is hard to come by these days, but some have made it work
Denver Business Journal : Metro Denver home inventory up in June, but prices climbed faster
Denver Post : Denver median home sold price nears $400,000
CBS4 News : Denver’s Housing Market Just Keeps Getting Tighter
CBS4 News [Video] : Denver’s Housing Market Just Keeps Getting Tighter
Denver Post : Frustration rises as a fifth of Denver home sale deals fall through in April 
Denver Business Journal : Metro Denver housing inventory hits record low for May
Denver Post : Inventory of homes for sale hits record low in metro Denver 
9News Denver [Video] : Low inventory leads to creative home-buying tactics
Denverite : Do people move to Colorado for legal weed? Probably not, but no one knows for sure
Denver Post : Denver home sale listings jump 33.6 percent over record-low February
Denver Business Journal : Denver-area home prices continue to climb; low-priced inventory scant
Denver Business Journal : $20 billion in metro Denver home sales in 2015 and other records
Denver Business Journal : Denver home inventory continues climb in November, but so do prices
Denver Business Journal : Colorado home prices up 12 percent, but inventory up too
Denver Business Journal : Denver-area house prices up 11%, but slowdown could be in sight
Denver Business Journal : Colorado's home-price pressure eases with influx of new listings
Denver Business Journal : Is Denver's residential real estate market cooling off?
Denver Business Journal : Torrid metro Denver home-price pace to continue
Denver Business Journal : Passing $400K, average Denver-area house sale prices hit all-time high
Denver Business Journal : Metro Denver home supply down 32% in March from year ago
Denver Business Journal : Average home price in metro Denver tops $390K
Denver Business Journal : Denver metro home sales created a $22 billion impact in 2014
Denver Business Journal : Denver area home buying continues slowdown
Denver Business Journal : Residential real estate market softened in Denver during August
Denver Business Journal : Metro Denver homebuying hits $1.9 billion in monthly sales
Denver Business Journal : Buying a metro Denver home? It will cost you more than ever
Realty Today : Four Factors That Play Important Roles in Denver's Real Estate Market in 2016
5280 Magazine : Issues That Will Impact the 2016 Real Estate Market
MONEY Magazine : Buyers Guide: How to Beat the Competition in a Hot Housing Market
Denver Business Journal : Anthony Rael, Denver Real Estate Agent & DMAR Market Trends Chair
Colorado Springs Gazette : Colorado Springs' lower home prices lure frustrated Denver buyers
Kiplinger Magazine : Money-Smart Tactics to Prosper in This Hot Housing Market
Denver Business Journal : Anthony Rael, Denver Real Estate Agent & DMAR Market Trends Chair
TIME-Money Magazine : The Letter That Saved $11,000. Really.
Builder and Developer Magazine : Denver’s Housing Market Just Keeps Getting Tighter
MSN Money : Millennials shift to buying as rents surge
DenverPost.com : Anthony Rael, Denver Real Estate Agent & DMAR Market Trends Chair

Glossary of Terms for Real Estate Stats
What is Median Sale Price?
What are Active Listings?
What are New Listings?
What are Sold Listings?
What is Pending/Under Contract?
What are Days on Market?
What is the Affordable Housing Index?
What are Months Supply of Listings?

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