Local Pulse – January 2025

• An increase in showing activity over the holidays suggests that more buyers are entering the market and are ready to start transacting real estate in the new year.
• While the Denver market in 2025 may bring “more of the same,” consistency has its benefits. Despite high interest rates, home values continued to appreciate. With no promise of lower rates ahead, buyers may grow more willing to make offers.
• Condos are pulling out all the stops to attract buyers, offering incentives like free parking and prepaid HOA dues. For buyers looking for a deal, condos are a great option!
• The Downtown Development Authority has approved $570 million in tax-funded projects over the next 13 years. These projects aim to support housing, jobs, culture, parks and mobility renovations as part of a
  “downtown renaissance” in Denver.

• Denver’s median asking rent fell to $1,710 last month, a 5.7 percent year-over-year decrease. This ranks Denver sixth among 10 major metros experiencing weakening rental markets.

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