Denver RE Market Check In!

The Market Has Slipped Into Holiday Mode

The seasonal slowdown has officially settled in, and the market feels a bit like everyone after Thanksgiving dinner—comfortable, quiet, and moving at half-speed. Activity has downshifted sharply from the spring buzz. Inventory is tapering, pending deals are softening, and the annual end-of-year wave of expired listings is gearing up for its big December 31st appearance.

Inventory: Gently Drifting Lower

Inventory is back on a downward trend, continuing the slide we’ve seen since the middle of summer. We’re still sitting above last year’s numbers, but that cushion is shrinking as listings quietly disappear from the stage.

New Listings: Sellers Hit Pause

Homeowners are clearly embracing the holidays, opting to push listing plans to the back burner. New listings declined again this week. The one spark? “Coming Soon” activity nudged upward, suggesting a handful of proactive sellers are already prepping for an early 2025 launch.

Pending Sales: Buyers Ease Up

Buyer activity softened right on schedule. This time of year, house hunting tends to take a back seat to travel plans and twinkle lights. Even so, the market is still outperforming last year’s sluggish pace. Predictive supply is inching toward a more balanced feel.

Odds of Selling: Holding, but Not Heating Up

The likelihood of going under contract within 30 days dipped again—mirroring the mid-summer lull. It’s one of the softer points of the year and a reminder of how quickly the energy fades compared to those fast-moving winter and early-spring markets.

Showings: Browsers Over Buyers

Showings saw a slight bump, but the vibe is more “casual browsing” than serious decision-making. It’s taking close to twenty showings before an offer materializes. Sellers, now’s the time to make sure your listing is sharp, inviting, and photo-ready—buyers are looking, just not leaping.

Days on Market: Patience Required

Days on market stretched out yet again. Buyers are taking their sweet time, watching inventory sit before making a move. For sellers, patience has officially become part of the strategy.

Price Reductions: Getting Real

More homeowners are adjusting prices to meet the market where it is. Well-calibrated reductions are gaining traction, while sellers holding firm may be waiting until February or later for stronger buyer engagement.