2024 Year end Market Update

In 2024, Denver County and surrounding areas saw a notable decline in housing inventory, which continued to affect market dynamics. Sellers were increasingly offering concessions to attract buyers, given the steady interest rates hovering in the upper 6% to low 7% range. The most active price range was between $500,000 and $600,000, where homes remained in demand despite broader market conditions. On average, properties stayed on the market for 37 days, reflecting a slower pace compared to previous years but still a healthy level of buyer interest amidst limited inventory.