January saw an influx of new inventory in the Denver Metro housing market.  New January listings increased over 100% from last month (December) and increased just under 32% from last year in January.   Median sold price decreased very slightly (.51%) from last month and saw a very slight 1.77% increase year over year.  Days on market increased giving buyers time.

Bullet points with January stats:

~ The median sold price for single family homes (including attached and detached) in January is $575,000 which shows a very slight decrease (.51%) from last month (December) and an increase of 1.77% from last year.

~ The average number of days on MLS in January 2025 was 61 days, which shows a 8.93% increase from last month (December) and a 24.49%  increase from last year in January.

~ Active listings at month end are 7688.  This shows a 11.61% increase from last month (December) and a 57.83% increase from last year in January.

~ Average active listings for January are 12,032 (1985-2024).  Record high January was 2008 with 24,550 listings and the record low was 2022 with 1184.

~ Historically, active listings decrease an average of 3.85% from December to January.  We saw an increase of 11.61% in active listings from December 2024 to January 2025 reflecting a substantial increase in new listings.

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 .

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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 .

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Trick or Treat?  It depends on the timing in our October market.  Libby Levinson-Katz, Vice Chair of the DMAR Market Trends Committee is on point with a summary of the Denver October market stats: “The October market data showcases a tale of two markets. In the first half of the month, buyers were lured back into the market by a brief break in interest rates. Leading up to the highly anticipated Fed rate cut, mortgage rates hit a 19-month low in September at 6.1 percent bolstering sales into October. How­ever, with stronger-than-expected economic data throughout October, rates continued their upward climb, crossing the seven percent threshold by the end of the month. The swift rise in rates created a “pause” effect, amplifying the anticipated election-related paralysis among buyers in the latter half of the month.”

Bullet points with October stats:

~ The median sold price for single family homes (including attached and detached) in October is $599,975 which shows an increase of 4.34% from last month (September) and an increase of 3.27% from last year.

~ The average number of days on MLS in October 2024 was 44 days, which shows a 10% increase from last month (September) and a 37.50%  increase from last year in October.

~ Active listings at month end are 10,940.  This shows a 1.57% decrease from last month (September) and a 46.22% increase from last year in October.

~ Average active listings for October are 14,478 (1985-2024).  Record high October was 2006 with 29,722 listings and the record low was 2021 with 3376.

~ This year’s drop in active listings from September to October is smaller than the historical average for this period.

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 .

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The influx of new listings has outpaced the number of closings. Since the beginning of 2024, sellers have brought 41,573 new listings to the market, while only 28,224 homes have closed during the same timeframe. Homes are spending an average of 37 days on the market before selling—23% longer than last month and 42% longer than last year in August. The extended timeframe signals a shift in market dynamics, allowing homebuyers more time to make decisions.

The number of closings in August was lower compared to both the previous year and the previous month as many buyers delayed their home-buying decisions. A total of 3,711 homes closed in August, marking a 6% decrease from last year and a 2% drop from July.

Bullet points with August stats:

~ The median sold price for single family homes (including attached and detached) in August is $590,000 which shows a slight decrease of 1.67% from last month (July) and a slight increase of 1.44% from last year.

~ The average number of days on MLS in August 2024 was 37 days, which shows a 23.33% increase from last month (July) and a 42.31%  increase from last year in August.

~ Active listings at month end are 10,724.  This shows a 1.32% increase from last month (July) and a 56.37% increase from last year in August.

~ Average active listings for August are 15,439 (1985-2023).  Record high August was 2006 with 31,664 listings and the record low was 2021 with 3582.

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 .

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At the end of the month of June, the Denver market has more than 10,000 active homes, something we have not seen since 2013.  Home sellers are returning to the market but are finding buyers hesitant.  June 2024 saw a shift from traditional trends, as retraction grips the Denver market. Properties selling over asking price declined, and concessions became the norm.

Bullet points with June stats:

~ The median sold price for single family homes (including attached and detached) in June is $608,000 which shows a slight increase of 1.33% from last month (May) and a slight increase of 1.50% from last year.

~ The average number of days on MLS in June 2024 was 27 days, which shows a 3.85% increase from last month (May) and a 17.39%  increase from last year in June.

~ Active listings at month end are 10,214.  This shows a 11.52% increase from last month (May) and a 68.27% increase from last year in June.

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 .

The market is starting to heat up.  I can see it in the numbers and also feel it when I am “out in the field” (assisting both sellers and buyers).  Closed listings are up 40% from last month, showing that buyers are out there and ready to secure a home.  Buyers were active in February, executing 6% more contracts on homes than last year at this time.  Median and Average days on market have dropped both month over month and year over year.  Median and Average sold price are up both month over month and year over year.

Bullet points with February stats:

~ The median sold price for single family homes (including attached and detached) in February is $576,584 which shows an increase of 2.05% from last month (January) and an increase of 2.41% from last year.

~ The average number of days on MLS in February 2024 was 47 days, which shows a 4.08% decrease from last month (January) and a 2.08%  decrease from last year in February.

~ Active listings at month end are 5511.  This shows a 13.14% increase from last month (January) and a 45.87% increase from last year in February.

~ Average active listings in February are 12,671 (from 1985-2023).  The record high February was in 2006 with 25,484 and the record low was in 2022 with 1226.  February 2024 shows active listings at month end of 5511.

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 .

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With much of the 2024 year seeing mortgage rates increase, December was a welcome month.  Mortgage rates fell steadily in December and Buyer activity picked up in the Denver Metro area. Throughout the month of December, Buyers executed contracts on 2,469 listings, which is an increase of 13% compared to last December. The number of listings pending sale is a leading indicator of home closings that could take place in the coming months.  This is a positive sign as we head into 2024.

Bullet points with December stats:

~ The median sold price for single family homes (including attached and detached) in December is $551,993 which shows a slight decrease of 2.80% from last month (November) and a slight decrease of .54% from last year.

~ The average number of days on MLS in December 2023 was 46 days, which shows a 21.05% increase from last month (November) and a 6.98%  increase from last year in December.

~ Active listings at month end are 4971.  This shows a 25.63% decrease from last month (November) and a 4.50% increase from last year in December.

~ Average active listings in December are 12,150 (from 1985-2022).  The record high December was in 2007 with 24,603 and the record low was in 2021 with 1477.  December 2023 shows active listings at month end of 4971.

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 .

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Home buying activity has continued to see typical seasonal decreases as we have approached the Winter months. Closings were down when looking both year over year and also month to month comparisons.  Homes are staying on the market longer as buyers carefully weigh decisions.

Home buyers in November 2023, executed contracts on more homes (3% more) than last year.  The number of listings currently pending sale, which is a leading indicator of housing activity, was 3% higher than we saw last year

Bullet points with November stats:

~ The median sold price for single family homes (including attached and detached) in November is $565,250 which shows a slight decrease of 2.71% from last month (October) and an incredibly slight increase of .10% from last year.

~ The average number of days on MLS in November 2023 was 38 days, which shows a 18.75% increase from last month (October) and a 11.76%  increase from last year in November.

~ Active listings at month end are 6684.  This shows a 10.67% decrease from last month (October) and a 6.89% increase from last year in November.

~ Average active listings in November are 14,755 (from 1985-2022).  The record high November was in 2006 with 27,530 and the record low was in 2021 with 2248.  November 2023 shows active listings at month end of 6684.

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 .

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Although increased mortgage rates and elevated home prices continue to impact the Denver metro housing market, people are still selling and buying homes.  When looking at historical data, this year has performed similary to the pre-pandemic year of 2019 ~ sales volume over $24 million, median days in the MLS is 11 for 2023 and was 10 in 2019, close to list price ratios both over 99%.  When looking month to month, prices and inventory remain consistent with last month.  No big changes month to month in closed price nor inventory levels.  Buyer activity picked up in October. The number of listings that moved into Pending status in the MLS was 1% higher than last year and 5% higher than last month.

Bullet points with October stats:

~ The median sold price for single family homes (including attached and detached) in October is $585,000 which shows no change from last month (September) and a slight 2.63% increase from last year.

~ The average number of days on MLS in October 2023 was 32 days, which shows a 6.67% increase from last month (September) and a 14.29%  increase from last year in October.

~ Active listings at month end are 7482.  This shows a 1.93% decrease from last month (September) and a 2.63% increase from last year in October.

~ Average active listings in October are 14,755 (from 1985-2022).  The record high October was in 2006 with 29,722 and the record low was in 2021 with 3376.  October 2023 shows active listings at month end of 7482.

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 .

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This time of year the housing market tends to see a drop in activity as people get their final summer vacations in and plan for the upcoming school year.   This year followed suit.  Both closed units and volume dropped by 2% in August as Summer came to an end and schools are back in session.   Closed-to-list crept down to 99.46%.  Inventory remains low and Buyers are viewing more homes before making a decision as days on market increased.

The median price of a Denver Metro area home was $582,000 in August 2023, which shows a slight 1.36% decrease month over month and a slight 1.22% increase year over year.

Bullet points with August stats:

~ The median sold price for single family homes (including attached and detached) in August is $582,000 which shows a 1.36% decrease from last month (July) and a slight 1/22% increase from August 2022.

~ The average number of days on MLS in August 2023 was 26 days, which shows a 13.04% increase from last month (July) and a 36.84%  increase from last year in August.

~ Active listings at month end are 6858.  This shows a 8.87% increase from last month (July) and a 1.17% decrease from last year in August.

~ Average active listings in August are 15,900 (from 1985-2022).  The record high July was in 2006 with 31,664 and the record low was in 2021 with 3582.  August 2023 shows active listings at month end of 6858.

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 .

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