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December is typically a slow month for real estate. Colder temperatures and holiday activities tend to slow both buyer and seller activity. December 2024 was no exception. Inventory decreased drastically as Sellers decided to wait for a more hopeful spring season. Median sold price remained unchanged from last month and saw about a 5% increase year over year. Days on market increased giving buyers time.
Bullet points with December stats:
~ The median sold price for single family homes (including attached and detached) in December is $580,000 which shows no change from last month (November) and an increase of 5.45% from last year.
~ The average number of days on MLS in December 2024 was 56 days, which shows a 21.74% increase from last month (November) and a 21.74% increase from last year in December.
~ Active listings at month end are 6888. This shows a 26.02% decrease from last month (November) and a 38.56% increase from last year in December.
~ Average active listings for December are 11,966 (1985-2023). Record high December was 2007 with 24,603 listings and the record low was 2021 with 1477.
~ This year’s drop in active listings from November to December (26.02%) exceeds the historical average decrease (17.88) but aligns with the 10 year average (25.41%).
Please reach out with any questions. I am happy to help.
If you have any questions or would like to discuss selling or purchasing a property, contact me today at 303-949-9683 or Amy@MountainTimeRealEstate.com .
#RealEstate #MarketStats #DenverMetro #MountainTimeRealEstate
