As of early 2025, the Denver real estate market is experiencing a period of stabilization with slight adjustments in home values. Here's an overview of the current trends:
Home Prices:
- Median Home Value: The average home value in Denver is approximately $545,849, reflecting a 1.3% decrease over the past year.
- Median Sold Price: In January 2025, the median sold price was $584,457, a 4.2% decline from the previous year.
Market Activity:
- Days on Market: Homes in Denver typically go pending in around 42 days, indicating a moderately paced market.
- Inventory Levels: There has been an increase in active listings, providing buyers with more options compared to previous years.
Market Outlook:
Looking ahead, experts anticipate modest growth in Denver's housing market, with projected annual price increases of 3-4% through 2025. Factors such as economic conditions, population growth, interest rates, and a shortage of affordable housing are expected to influence this trend.