Denver Market | Top Ten Talking Points | January 2025

1. Showing activity is up 36.3% week-over-week and 13.4% year-over-year, indicating significant growth in buyer activity and competition.

2. The number of new listings increased, up 64.4% from the beginning of January and 44.5% compared to the same time last year, providing more inventory to choose from.

3. Nearly 47% of homes that went under contract last week had price reductions, averaging 5.4% off the original list price, creating negotiation opportunities for serious buyers.

4. Inventory has increased by 40.8% year-over-year, offering buyers a broader selection of options than in previous years.

5. Pending transactions increased 21.6% week-over-week. Buyers are actively making offers. Waiting too long will increase likelihood of competition.

6. While the average days on market is up 12.1% year-over-year to 37 days, it has dropped from 46 days at the end of December, showing that homes are starting to sell more quickly as activity increases.

7. Showing activity is up 36.3% week-over-week and 13.4% year-over-year, with an average of 1.9 showings per week, indicating strong growth in buyer activity.

8. The Odds of Selling over the next 30 days has increased to 40.4%. While the market is still competitive, your chances of securing a buyer are improving as activity ramps up.

9. Pending sales rose by nearly a quarter (21.6%) last week, with the $1M–$1.5M price range leading the market, securing 28% of contracts.

10. With the average number of showings required to go under contract rising to 18, buyers are showing greater discernment and exploring options. A strategic market presence is essential.

SOURCE: Our friends at First American Title