As we move through the first 50 days of 2025, the Central Denver real estate market for single-family homes is shaping to look like the beginning of 2024. While the market remains stable, we see small shifts in key metrics that indicate subtle changes in buyer and seller behavior.
Steady Home Price – The rolling 12-month median price has remained relatively flat at $895,000 for 24 months, indicating a balanced market where neither buyers nor sellers have a significant upper hand. The minimal pricing fluctuations suggest a continuation of the stability we saw in 2024.
Steady Inventory – The number of active listings currently stands at 345, compared to 341 at this time last year. This slight increase in inventory means buyers have a few more options, but not enough to shift the market in their favor significantly.
Steady Sales Volume – So far in 2025, 194 homes have sold, compared to 203 during the same period last year. This minimal difference suggests steady demand, with buyers still actively purchasing homes at a pace similar to last year.
Slight Days on Market Increase – The average days on market have increased to 66 days, up from 59 in early 2024. This signals that homes take a bit longer to sell while demand remains. Sellers should be prepared for slightly longer listing periods and ensure their homes are priced competitively.
Negotiation Trends – The original price to final sales price ratio has dipped slightly to 94.3%, compared to 95% last year. This indicates buyers are negotiating more than before, leading to marginally larger discounts off the original asking price.
For Sellers – Correct pricing is more critical than ever. Overpricing could result in longer market times and increased negotiations. With homes staying on the market slightly longer, preparing your home for sale with professional staging, high-quality photography, and strategic marketing will make a significant difference.
For Buyers – While prices remain stable, the increase in days on market and slight dip in sales price ratios means there may be room for negotiation. Buyers should take advantage of this period to explore homes and make competitive but strategic offers. Mortgage rates and financing options remain crucial in affordability, so staying informed about current lending trends is key.
Looking Ahead – The Central Denver market remains steady as we move farther into 2025. While some indicators show a minor slowdown in sales, overall, the market is well-balanced with consistent demand.
If you’re thinking about making a move—whether buying, selling, or investing—now is a great time to discuss your real estate goals. As always, we are here to help you navigate the market with expert guidance and insights. Thank you for your business, referrals, and support!