How’s the Market
Hello! Andrew Malkoski with The Denver 100 here. I have a December update for you for the Denver Real Estate Market. One of the biggest changes we have seen is in inventory. All year, I have been talking about the increasing inventory. This increase in inventory has been partly to blame for sales values coming down a bit throughout the year. However, if we look at mid-December back through mid-October, we have a reduction on inventory by 3100 units, or almost 30%. Some of this is due to people pulling their homes from the market during the holidays, and the rest is seasonal decline in new listings. Even though we still see a month over month decline in pending homes, we are 10% above where were last year at this time. I keep getting asked, “Is 2025 going to be a better year for real estate?” The answer is “YES!” This year-over-year increase in pending homes shows buyer optimism for the coming year, and their expectations for the economy over all. And while we are not expecting mortgage interest rate improvement in the first half of the year, we are continuing to see sellers willing and able to negotiate contributions to buyers’ closing costs, rate reductions and inspection items. This makes it a great time to find your next home. Do you know someone with real estate goals this year? Please make an introduction for me so I can help them navigate this increasingly interesting market. If you are interested in getting the current value of your home, click HERE and I will help you get an in-depth look at your value. Have a happy holiday season, and I will see you next year for an end of the year recap on the Denver Real Estate market and predictions for the coming year.