January Market Report - Metro Denver
Last Month's Key Statistics
for Denver's Real estate Market
Attached & Detached Single Family Homes
The average sales price of $678,718 in December declined 3.6% from last month and declined 0.7% from last year.
- Active Listings: 7,607 down 27.6% from last month | up 10.4% from last year
- Homes Closed: 3,101 up 9.2% from last month | down 4.9% from last year
- Months of Housing Supply: 2.5 months down 1.2 months from last month | up 0.4 months from last year
Quick Stats:
- Average active listings for December are 11,839 (1985-2024).
- The record-high December was 2007 with 24,603 listings, while the record-low was set in 2021 with just 1,477 listings.
- Historically, the active listings decline an average of
18.4 percent from November to December. This year's decrease of
27.6 percent is steeper than the long-term seasonal norm but is consistent with the 10-year average decline of
26 percent.
The calm before the storm.
This is the how this time of year always seems to feel. Things are "slow" with the anticipation of the real estate winds picking up and a flurry of housing activity to ensue. Much like the storm that took Dorothy to Munchkinland.
However, last spring the real estate market never really brewed into its seasonal forecasted storm. Thus 2025 ended with pricing relatively flat for the year. In fact, pricing has been flat since 2022.
We ended the year with a 28 percent decline in active listings for the month of December. Many are speculating that these withdrawn or expired listings will all return to the market in the next 30 days. Supply will then almost certainly increase. The big question is if demand will follow suit. If demand stays calm, then buyers will enjoy more inventory to choose from.
So here's my advice for the new year:
Buyers -Expect favorable conditions this spring with increased supply giving you more options than you might have had since you started shopping. If you're open to new construction, I've seem some builders offering 3.9% financing for 30-year fixed mortgages. This could be a great way to get favorable pricing AND favorable financing.
Sellers -Competitive pricing from day one is critical to success. Gone are the days of aiming for the moon and landing amongst the stars. You are selling a property in a market that has been flat for three years. Realistic expectations are the key to success.
Personally, I wish you all a blessed 2026. I know many had incredible years last year, while others are excited that 2025 has finally come to an end. Either way, I hope that this year brings joy and blessings to you and your loved ones.
Best,
Zach Florence
Florence Realty Co. Owner | Broker
