Denver Metro Area Real Estate Market Update
By David Schlichter
The residential real estate market typically is slowest in December and January, and this year is proving to be no exception. Less listings hit the market month-over-month, and less listings sold month-over-month.
The biggest driver of how competitive the market will be in 2025 will likely be what happens with interest rates. If interest rates stay in the ballpark of where they are, we expect a modest increase in the amount of sales activity and prices in the new year. If rates go down, we expect a significant increase in sales activity and prices. And if rates go up, it could be a slow year for real estate and prices could fall.
This market is complex! If you're thinking about buying or selling a home in 2025, contact us today so we can make a customized plan to help you achieve your real estate goals.
Denver Metro Area: November Market Stats
Included Counties: Adams | Arapahoe | Broomfield | Denver | Douglas | Jefferson
Source: REColorado and ShowingTime, residential, all property types, November 2023 vs. November 2024, October 2024 vs. November 2024 [accessed 12/05/2024].
