Denver December 2024 Real Estate Market Updates
Stay informed and make sound investment decisions with our comprehensive analysis of the latest December 2024 real estate market updates in Denver, Colorado.

Check out our market updates in other Colorado Markets:

Colorado Springs Real Estate Market Updates – December 2024

Check out the Podcast Here

Denver Market Stats and Observations for December 2024

  • Active Listings
    • 6890 vs 4970, +39%
    • The average number of active listings for December (1985-2023) is 11,966
    • The record-high was in 2007 with 24,603 listings, while the record-low was in 2021 with 1477 listings
    • The decrease between November to December was 26.02%, which exceeds the norm of 17.88% but is in line with the 10-year average
    • Active listings remain higher than pre-COVID numbers (December 2019)… 6890 vs 5040
  • New Listings
    • Dec: 1840 vs 1730, +6%
    • YTD: 55,800 vs 49,600, +13%
      • Homes, +16%
      • Condos, +5%
  • Pending
    • Dec: 2460 vs 2270, +8%
  • Closed
    • Dec: 3110 vs 2750, +13%
    • YTD: Overall: +1%
      • YTD: Homes: +8%
      • YTD: Condos: -16%
  • Price
    • Dec: $688k vs $656k, +5%
    • YTD Overall: +2%
      • YTD: Homes: +2%
      • YTD Condos: -2%  
  • DOM days on market
    • Dec: 56 vs 46, +22%
    • YTD Overall: +18%
      • YTD: Homes: +16%
      • YTD Condos: +35%  
  • Discounts
    • Dec: 98.5% vs 99%, -0.75%
    • YTD Overall: -0.4% (slightly bigger discounts in ’24 vs ’23)
      • YTD: Homes: -0.3%
      • YTD Condos: -0.6%  
  • Mortgages
    • Despite high interest rates, homes continue to appreciate in value
    • The uncertainty of mortgage rates is expected to continue in 2025

Get Started Building Your Own Rental Property Portfolio

If you’re interested in buying an investment property and want to know what’s on the market now, sign up for our weekly deals list email.

Analyze Before You Buy
Start Evaluating Properties Today with Our Free Toolkit
In a rapidly changing market, having the tools you need to help you analyze the data is critical. Know what the numbers will look like ahead of time so you don't buy a bad deal. Our toolkit is designed to help you thoroughly analyze any kind of deal so you can invest with confidence.
Start analyzing your Colorado investment properties today
Rental Property Spreadsheet • House Hacking Spreadsheet BRRRR Calculator Spreadsheet • Fix and Flip Deal Analyzer Investing Maps • Rehab Pricing Estimator
Start analyzing your Colorado investment properties today
Rental Property Spreadsheet • House Hacking Spreadsheet BRRRR Calculator Spreadsheet • Fix and Flip Deal Analyzer Investing Maps • Rehab Pricing Estimator
Authors
Chris Lopez
Chris Lopez is a Denver area real estate entrepreneur and investor, as well as the host of Bigger Pockets’ House Hackerz and the Denver Real Estate Investing Podcast.
Similar Post You Might Also Like
Podcasts - Denver
How to Run a Yearly Review on Every Rental You Own
A paid-off $550K rental generating $21K a year sounds solid, until you run a real rental portfolio review on it.
Podcasts - Denver
Why Denver Multifamily Owners Are Done Fighting Colorado
A Denver multifamily broker with $720 million in closed deals just watched a Class A building trade at $30 million
Sign Up For Our Newsletter
What do you want to learn today?

All registrants get the recording sent to them automatically.