The November Denver Metro Real Estate statistics show typical activity for the end of the year. There are still buyers wanting to get deals before the end of the year and it is lucky for the sellers that did stay on the market through the holidays. Next month we will have our year end numbers and can do a thorough analysis of how 2024 fared. Many economists predict 2025 will have more sales than 2024 with slightly higher appreciation than the last two years. As always feel free to reach out for more information whether you are buying, selling or investing. We wish all of you a Wonderful Holiday and a very Happy New Year!
Source: RECO, DMAR, SMDRA, First American Title, NAR
Pending Sales Surge: A 24% Year-Over-Year Increase
The numbers are in—pending sales are up nearly 24% compared to last year. Buyers who have been on the sidelines are making their move.
Closed Units and Rising Median Prices
Closed Units: Up nearly 10.4% year over year
Median Price: On the rise, signaling a healthy market recovery
This uptick reflects growing confidence among buyers and sellers in the current real estate environment.
What to expect moving forward: December and Beyond So far, in December, market activity remains consistent with moving into the holidays. We anticipate positive trends to continue into the new year.
Inventory Update: Subtle seasonal decreases As expected, we see a slight decline as we approach the end of the year when many sellers pause listings for the holidays.
