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Market Stats Dec.'24 - Supply on the rise, prices inching upward

Writer's picture: Michael Manley, CRP, IFAMichael Manley, CRP, IFA

Denver metro statistics for December '24 show prices continue to slowly rise across all selected cities excluding Centennial (however, a closer look at Centennial shows price/sf is rising). The number of listings rose to a greater degree than the moderate rise in sales which has increased the level of supply, a welcome bit of relief for buyers in what has been a chronically undersupplied market.

Note: these numbers are indicators of median or average prices, and it does not mean values increased X% as many factors can impact these numbers. We at MMA analyze each market individually using time indexing/regression analysis, and other tools to determine the pricing trend of the Subject property's competition. All prices are reported prices.



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