720-724-8187 rogelio@vidabroker.com
Denver Metro Update: December 2024 Housing Market Highlights

As 2024 concluded, the Denver Metro real estate market exhibited notable trends, providing valuable insights for renters, buyers, and sellers. 🏡 This overview presents the latest data on single-family rentals (SFRs), home appreciation, and market dynamics.

Rental Market Overview

In December 2024, the median leased price for rentals in the Denver Metro area was $2,100, reflecting a slight year-over-year increase of less than 1%. 📈 Rental activity saw a 6% decrease compared to December 2023, yet there was a 13% uptick from November, indicating seasonal demand fluctuations. The active rental inventory tightened by 19% from November to December, suggesting a competitive market for prospective renters. 🔍

Home Appreciation and Market Activity

The housing market continued its upward trajectory, with the median closed price for homes reaching $580,000 in December 2024—a 6% increase from the previous year. 🎉 Sellers introduced 1,889 new listings, marking a 9% rise year-over-year. Buyers remained active, closing on 13% more homes than in December 2023. 🏠 Homes spent a median of 41 days on the market, 11 days longer than the same period last year, indicating a slight shift toward a more balanced market. ⚖️

Inventory Levels and Seasonal Trends

December experienced a seasonal slowdown, with new listings decreasing by 31% from November. 📉 Despite this, the year ended with 6,888 active listings—46% more than January 2024—providing buyers with a broader selection as they enter 2025. 🚪 Detached single-family homes comprised 67% of the available properties, while condos and townhomes made up the remaining 33%. 🏢🏘️

 

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Comparative Insights

Denver’s 6% year-over-year price appreciation aligns with trends in other rapidly growing markets. 📊 The city’s rental prices, with a median of $2,100, are higher than the national average, reflecting its desirability and robust economy. 💰 However, the increase in active listings suggests a move toward a more balanced market, offering opportunities for both buyers and sellers. 🔄

Key Takeaways for Renters, Buyers, and Sellers

For Renters: The rental market is competitive, with decreasing inventory. 🏘️ Acting swiftly on available listings is crucial, especially for single-family homes. ⚡

For Buyers: Stabilizing home prices and increased inventory provide a favorable environment to explore options and negotiate deals. 🤝

For Sellers: While the market remains strong, longer listing periods necessitate strategic pricing and marketing to attract buyers. 📈

Why Denver Remains a Top Market

Denver’s balanced growth in both rentals and home prices underscores the city’s enduring appeal. 🌟 With a strong job market, vibrant community, and access to outdoor activities, Denver continues to be a prime destination for individuals and families alike. 🏞️ Whether you’re looking to invest, buy your dream home, or sell for top value, Denver offers abundant opportunities. 🚀

Ready to Make Your Move? Let’s Connect!

As a seasoned Denver Metro real estate expert with over 20 years of experience, I’m here to guide you through the market with confidence. 💼 Visit my blog at vidabroker.com/rogelios-blog for more insights. Let’s connect to start your search and make 2025 that big year for you and your family! I’m at 📞720-724-8187. You can also set your appointment online.📞 -Rogelio Rodriguez

 

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YOUTUBE

As we settle into spring 2025, Denver’s real estate market is revealing some critical shifts. Whether you’re buying your first home or preparing to sell a property you’ve outgrown, understanding the market’s current temperature—especially through the lens of months-of-supply—can help you move with clarity and confidence.

📊 What Is Months-of-Supply?

Months-of-supply tells us how many months it would take to sell all current homes on the market at today’s pace, assuming no new listings come in. It’s one of the best ways to gauge whether buyers or sellers have the upper hand:

  • 0–4 months: Seller’s market
  • 4–6 months: Balanced market
  • 6+ months: Buyer’s market

📍 What’s Happening in Denver?

Denver currently has a 3.1-month supply, nudging close to a balanced market. While still favoring sellers slightly, inventory is rising fast—up 11.2% year-over-year and a striking 70.6% above 2019 levels. New listings also rose by 18.1% over the past year, though still slightly below pre-pandemic levels.

Now here’s a key point: closed sales in April 2025 were down 3.2% from last year. Fewer completed transactions suggest that buyer activity is cooling even as more homes hit the market. This shift reflects growing caution among buyers, likely tied to higher mortgage rates and affordability pressures.

In simple terms: we’re seeing more homes for sale, fewer homes being sold, and slightly longer time on market. This is a clear signal that the market is transitioning—and that timing, strategy, and pricing are more important than ever.

🏙️ Comparing Other Cities

Miami Area – 7.8 months of supply

Buyer’s market with inventory up 37.5%, but closed sales flat. Homes are sitting.

Austin, TX – 5.4 months

Moving toward balance. Listings up 19.7%, but also seeing a slowdown in closed deals.

Phoenix, AZ – 3.6 months

Still seller-friendly, but inventory has surged 54.6%. Like Denver, the pace is slowing.

In comparison, Denver’s sharp inventory rise paired with declining closings indicates one thing: competition is heating up—especially for sellers.

🤝 Buyers: Opportunity Is Knocking

  • More Inventory = More Choice

  • Stronger Negotiation Power: Fewer bidding wars, more room to talk terms.

  • Act Smart, Not Fast: It’s not about “the deal”—it’s about the right deal.

💼 Sellers: Stay Strategic

  • Price It Right: With fewer sales happening, homes that are overpriced are sitting.

  • Presentation Wins: You’ll stand out when your home is clean, staged, and easy to show.

  • Act Now While It’s Still a Seller’s Market: We’re on the edge—waiting could cost you.

📲 Let’s Talk—No Pressure

Whether you’re dreaming of a new home or prepping to sell, let’s have a free, no-obligation conversation to map out your next move.
📞 Text/call me directly at 720-724-8187
📅 Or grab a time that works for you: Book Here

You’ll get real insight, no pressure—just a smart path forward based on your goals.

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