The Denver, CO metro area housing market in January 2025 presents a complex landscape with varying trends across different metrics. The Median Sales Price has decreased slightly by 0.9% year-over-year, settling at $570,000. In contrast, the Median List Price has increased by 6.3% to $595,000, indicating a potential gap between seller expectations and buyer willingness.

The median Price Per Square Foot has seen a modest increase of 0.6%, reaching $270.94, while the Median List Price per square foot has risen by 2.1% to $295.17. These figures suggest a slight upward pressure on pricing, despite the overall decrease in the Median Sales Price.

Sales activity shows a mixed picture. The number of Homes Sold has increased by 7.8% year-over-year, totaling 2,357 units. However, Pending Sales have declined by 10.2%, indicating a potential slowdown in future transactions. New Listings have surged by 24.7%, reaching 4,052, contributing to a significant increase in inventory, which is up by 40.4% to 7,144 units.

The Months of Supply, a critical indicator of market balance, has risen dramatically by 70% to 3.0 months. This increase suggests a shift towards a more balanced market, though it remains slightly in favor of sellers. The Median Days on Market have increased by 11%, now averaging 56 days, reflecting a slower pace in the market.

The average sale to list ratio remains unchanged at 98.5%, indicating that homes are generally selling close to their asking prices. The percentage of Homes Sold above list price has seen a slight decrease of 0.1%, now at 19.9%. Price Drops have increased by 4.7%, affecting 35% of listings, which may be a response to the growing inventory and slower sales pace.

Finally, the percentage of homes going off the market within two weeks has decreased by 3.5%, now at 34.3%. This decline suggests that buyers are taking more time to make purchasing decisions, possibly due to the increased inventory and changing market dynamics.