As expected, activity across the Denver real estate market picked up post-holidays. In January, new listings, pending sales, and closed transactions all increased compared to December, as well as year-over-year. Still, it's taking longer to sell and inventory remains high.
In the detached, single-family segment, there were 2,972 new listings, which is a massive increase of 124.81% month-over-month. That number was also 29.11% higher compared to the prior year.
Looking at pending sales, homes that went under contract, that number jumped from 1,745 in December to 2,295 in January while remaining nearly flat year-over-year. Closed sales, primarily reflecting December's pending sales, decreased by 31.53% month-over-month (yet came in slightly higher YoY), showing that last month was a pretty quiet one for the Denver real estate market.
Despite this small burst of activity right out of the gate for 2025, Denver's median price for January came in at $638,000, an increase of just 0.47% month-over-month and 2.08% year-over-year.
Keep in mind that Denver's detached, median sale price has increased from $509,900 back in January 2021 to $638,000 in January 2025. That's a healthy, 25.12% increase in equity and a reminder that real estate remains a solid, long-term investment.
For now, new listings outnumber pending sales, and inventory remains high across Denver. January closed with 5,036 active listings still on the market compared to 4,636 at month's end for December. While that's only an 8.63% increase month-over-month, that figure was 50.96% higher year-over-year.
In addition, the pace remains slow, and average days on market increased to 60 last month. That’s an 11.11% increase compared to the prior month and a jump of 22.45% compared to January 2024. Between higher mortgage rates, winter weather keeping some folks at home, and a lot of inventory to sort through, buyers are moving slowly and deliberately.
As for attached properties, condos and townhomes, there were some similarities. New listings increased from 521 in December to 1,367 in January. That’s also higher than the prior year. Pending sales were up month-over-month and down slightly year-over-year, while across the board, days on market increased—remaining just past the two-month mark at 62 days
The outcome was a sluggish median price of $398,000 compared to $395,000 the prior year and 2,652 properties still active at the close of the month. With so many new listings, month-over-month inventory also increased by 17.76% in this segment—and came in 72.77% higher compared to the prior year.
Reflecting on last month's numbers, Amanda Snitker Chair of the DMAR Market Trends Committee has this advice for both sellers and buyers:
Sellers in this market need to be serious and realistic about pricing. "Testing the market" by over-pricing is a risky proposition that leads to price reductions and a longer time on the market. Making your property stand out in a higher inventory environment takes preparation, flexibility and willingness to work towards a common goal.
With increased inventory, less buyer competition and slow price growth, this is the moment buyers have been waiting for. Now is the time for buyers to start thinking about how to make homeownership work instead of looking for reasons it won't.
As always, your best bet is to discuss your buying or selling goals with an experienced real estate agent. They can better assess the market and provide a smart approach, as well as negotiate for your best interests. A proven professional will have the insight, connections, and resources to help you achieve your real estate goals no matter what comes next. Choose your real estate agent with care and make sure you have proven, expert representation.
5 Reasons to Sell With a PorchLight Agent
In today's market, a real estate professional with in-depth knowledge of your local market makes a world of difference when it comes to how quickly you sell and how much you sell for, all while ensuring the entire process is simple—even fun—from start to finish.
Why settle for a brokerage or agent that doesn’t provide the comprehensive services you and your home deserve? PorchLight has thoughtfully invested in building and perfecting the systems and services our agents need to help sellers achieve their goals.
Every agent is backed by a team of professionals who can provide a suite of fully integrated services to maximize the appeal of your home, net the greatest profit, and sell in the least amount of time.
1. Accurate Home Pricing
The first step in selling a home is pricing it. Getting it just right takes analyzing data and understanding the nuances of each unique neighborhood. From the comps and local schools, to factors such as a busy street or a new retail development being built, every detail affects property value. Your PorchLight agent will find that sweet spot—the best possible price that secures a sale in the shortest amount of time.
2. Comprehensive Listing Services
The PorchLight difference includes a team of experts who will coordinate, manage, and provide the services needed to ensure your home is 100% ready to hit the market, attract buyers, and ensure an expedient sale. That includes cleaning, staging, generating accurate floor plans, capturing gorgeous photos and videos, as well as strategically placing signs on your property and for open houses.
3. Rock-Solid Marketing
We provide a blend of proven digital channels, lead generation, and professionally designed materials from PorchLight’s in-house marketing team. From custom brochures and flyers to social media promotions, email/digital campaigns, broker networking, and third-party syndication, we create a powerful presence that leads to more views, more calls, more showings and ultimately, a faster sale.
4. Collaborative Open Houses
Most brokerages rely solely on the listing agent to host open houses. That means fewer people through the door and potentially, lost opportunities to get an offer. With PorchLight’s proprietary Open House Program, all of our agents work together as a team to maximize the number of listings that are held open each week. And when an open house is scheduled for your home, an educated, friendly agent will be there to host buyers.
5. High-Level Representation
Skilled in keeping deals together through to closing, your PorchLight agent will be a dedicated advocate and guide. They will educate you on the process, negotiate on behalf of your best interests, prepare you to make empowered decisions, and navigate any obstacles that could impact your timeline or bottom line. They will work tirelessly and proactively to keep your transaction moving forward, enabling you to achieve your goals.
Bottom line? With PorchLight, your agent's sole focus is to close for top dollar with the least amount of stress. Get in touch to learn more.
