December 2024 Denver Real Estate Market Stats: What Buyers and Sellers Need to Know
As we kick off 2025, let’s take a closer look at how the Denver real estate market wrapped up 2024. Whether you’re buying or selling, it’s essential to stay on top of the latest trends. Here at The Tucker Team, we’re passionate about breaking down the stats, highlighting key takeaways, and giving you insight into how these numbers can impact your next move.
Key Insights for Buyers and Sellers
Balanced Market with Growing Inventory: With active listings up 34%, buyers have more options. However, competition remains steady, especially for well-priced homes in good condition. Sellers can still expect solid demand, but pricing strategically is critical as days on market have increased to 41 days on average.
Negotiation Opportunities: December saw the highest concessions of the year, giving buyers a chance to secure better deals. Sellers should be prepared for negotiations but can still attract buyers with competitive pricing and strong property presentation.
Strong Price Range Performance: Homes priced between $500K and $600K are the sweet spot, averaging just 37 days on market. Sellers in this range should ensure their home is market-ready, while buyers should act quickly on these opportunities.
Inventory Trends to Watch: Although inventory has grown year-over-year, it dropped significantly from October to December, signaling potential demand growth as we move into 2025. Sellers, now is a good time to list before inventory tightens further. Buyers, keep an eye on expired listings for potential bargains.
Attached vs. Detached Homes: Detached homes are selling faster than attached homes like condos and townhomes. Sellers in the attached market should focus on standout staging and pricing, while buyers in this segment may have more negotiating power.
Wrapping It Up:
As we enter 2025, the Denver market is showing signs of a dynamic and evolving environment. The increase in active listings, the rise in days on market, and the still-competitive price range between $500K to $600K all point to opportunities for both buyers and sellers—but timing and strategy will be key.
Whether you’re considering buying or selling in the Denver metro area, it’s important to stay ahead of these trends. Reach out to The Tucker Team to chat more about how these numbers affect your goals, and let’s make 2025 your best real estate year yet!
— The Tucker Team