Median home price Denver remained stable in January, with a slight 0.51% decline across all market segments, reflecting a similar trend in December’s median close price. The median home price has increased by 1.77% to $575,00 year over year, up from $565,000 in January 2024.

Active listing finished the month at 7,688, up 11.61% from last month but up significantly from last year of 57.83%. Both the attached and detached markets saw an increase of more than 100% from December and were up 38.50% and 29.11%, respectively, from January 2024. We typically see an increase in new listings from December to January as sellers reenter the market after a slower time during the holiday season.

Single-family homes have outperformed attached homes, with the median home price Denver rising 2.08% year over year and 0.47% month over month. By the end of the month, the median price for single-family homes reached $638,000, up from $625,000 in January of last year. Active listings for single-family homes reached 5,036 at the month’s end.

Closed sales dropped 30.56% month-over-month to 2,259, but closed sales are still up 2.31% compared to last year. Last year’s closed sales tallied 2,208.

The median days in the MLS were up 28.57% year-over-year to 45 days – the highest median days in the MLS since 2015, a market unfamiliar to many in the Denver Metro area.

The median home price Denver for attached homes reached $398,000 in January, 2.05% from last month and up 0.76% year-over-year. Month’s end, the median home price in Denver for attached homes stood at $398,000, up from $395,000 in January of last year.  Active listings for attached homes rose to 2,652 at the month’s end.

Sales volume for January totaled $1,553,150,606, down 30.56% month-over-month but still up 7.43% from last year.

The Close-Price-to-List-Price Ratio remains in the high ninety percentile at 98.50%, nearly identical to both last month and the same time last year.