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Colorado Springs Real Estate Market Updates – December 2024
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
Denver Housing Trends for December 2024
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