Year-Over-Year Insights
The Denver Metro housing market opened the year with typical seasonal slowing and steadier pricing, creating a more deliberate environment for both buyers and sellers. Closed listings declined 16% year over year to 1,937 homes, reflecting a slower start compared to last January. Home prices remained stable overall, with the median closed price at $569,000, down just 1% year over year. Attached home prices ticked up slightly to $420,000, while single-family homes dipped to $615,000.
Homes took longer to sell, with median Days in MLS rising to 56 — nine days more than last year — giving buyers more time to evaluate options and negotiate. Attached properties remained on the market longer, with a median of 64 days versus 53 days for single-family homes.
Seller activity increased year over year, with new listings climbing 3% to 4,455. Active inventory also grew 10% to 8,203 homes — about 18 weeks of supply. For sellers, this makes setting the right price even more crucial to attract attention in a busier market.
Month-Over-Month Insights
Compared to December, the market showed a strong seasonal reset. Closed listings decreased by 38% month over month, while the median price dipped slightly by 1%. Market pace continued to slow, with Days in MLS increasing by nine days.
Activity ramped up on both the supply and demand sides: new listings jumped 153% month over month, and pending listings rose 48% to 3,065, signaling renewed engagement from both sellers and buyers as the year begins.
Denver Metro Rental Market
The rental market showed steady activity in January. Leased properties increased 14% year over year to 287, while the median rent remained essentially flat at $2,604. Renters are benefiting from stable rates, as price-per-bedroom and price-per-square-foot both declined slightly.
Rentals spent a bit more time on the market, with median days rising to 53 — 12 days longer than last year — hinting at a slightly slower leasing pace but continued interest from renters.
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