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 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 decline in the Median Sales Price.

In terms of sales activity, the number of Homes Sold has increased by 7.8% year-over-year, totaling 2,357 units. However, Pending Sales have decreased by 10.2%, with 3,269 transactions awaiting closure. This decline in Pending Sales could indicate a slowdown in future sales activity.

New Listings have surged by 24.7%, reaching 4,052, contributing to a significant increase in inventory, which is up by 40.4% year-over-year to 7,144 homes. The Months of Supply have also risen dramatically by 70.0%, now standing at 3.0 months, suggesting a shift towards a more balanced market.

The Median Days on Market have increased by 11.0% to 56 days, reflecting a slower pace in the market. The average sale to list ratio remains unchanged at 98.5%, while the percentage of Homes Sold above list price has slightly decreased by 0.1% to 19.9%.

Price Drops have become more common, with a 4.7% increase, affecting 35.0% of listings. Additionally, the percentage of homes going off the market within two weeks has decreased by 3.5%, now at 34.3%, indicating a potential cooling in buyer urgency.

Overall, the Denver metro housing market in January 2025 exhibits a mix of rising inventory and New Listings, alongside a decline in Pending Sales and a slight drop in Median Sales Prices. These dynamics suggest a market in transition, with potential implications for both buyers and sellers in the coming months.