• Year-Over-Year Insights

  December brought encouraging signs for the housing market, with sellers introducing 9% more new listings compared to the same time last year. Buyers were equally active, closing on 13% more homes than in December 2023. The median closed price of homes climbed 6%, reflecting sustained price appreciation. Home shoppers executed contracts on 2,459 properties, a 9% increase from last year, although they took more time to finalize decisions, with homes spending a median of 41 days on the market—11 days longer than in December 2023.

• Month-Over-Month Insights

  Seasonal slowdowns were evident in December compared to November. The number of new listings dropped by 31% as sellers pulled back during the holiday season. Buyer activity eased, with executed contracts declining by 16%, and home closings dipped slightly by 1%. Despite these seasonal shifts, the median closed price remained steady at $580,000, and homes closed at an average of 95.3% of their original list price, indicating ongoing flexibility in negotiations.

• Denver Metro Rental Market

  The rental market in December reflected mixed activity. While 264 properties were leased through REcolorado’s MLS—a 6% decrease from December 2023—this marked a 13% increase from November. The median leased price inched up by less than 1% year-over-year. New rental listings fell significantly, down 32% from last year and 30% from the previous month, with only 260 properties added to the MLS. Active rental inventory also tightened, with 574 properties available at the time of data pull, a 19% decline from November.

*Information provided by REColorado. Click here for the full report.