The Boulder, CO metro area housing market in January 2025 presents a complex landscape with varying trends across different metrics. The Median Sales Price has decreased by 1.5% year-over-year, settling at $702,000. This decline contrasts sharply with the Median List Price, which has surged by 24.7% to $828,000, indicating a potential gap between seller expectations and buyer willingness.

In terms of Price Per Square Foot, the median price has risen by 8.4% to $346.38, while the Median List Price per square foot has increased by 17.9% to $401.26. These figures suggest a robust demand for space, even as overall sales prices have slightly declined.

The number of Homes Sold has seen a modest increase of 0.5% year-over-year, with 221 Homes Sold in January. However, Pending Sales have dropped significantly by 23.3%, totaling 277. This decline in Pending Sales could indicate a slowdown in future transactions, despite the current uptick in sales.

New Listings have increased by 7.7% to 351, contributing to a substantial 27.3% rise in inventory, which now stands at 941. The Months of Supply have also seen a dramatic increase of 90.0%, reaching 4.3 months. This growth in inventory and supply suggests a shift towards a more balanced market, potentially easing the competitive pressure seen in previous months.

The Median Days on Market have increased by 26.0% to 98 days, reflecting a slower pace in the market. Despite this, the average sale to list ratio has improved slightly by 0.3%, now at 97.7%, indicating that homes are still selling relatively close to their list prices. Additionally, the sold above list ratio has increased by 1.3% to 13.1%, suggesting that some properties are still attracting competitive offers.

Price Drops have seen a slight increase of 0.9%, now at 21.9%, while the percentage of homes going off market in two weeks has decreased by 3.8% to 27.8%. These trends may indicate a cooling in the market, with sellers adjusting their expectations and buyers taking more time to make purchasing decisions.

Overall, the Boulder, CO housing market in January 2025 reflects a dynamic environment with both upward and downward pressures. While some indicators point to a cooling market, others suggest continued demand and competition. Stakeholders should closely monitor these trends to navigate the evolving landscape effectively.