It is crazy how language changes. I love employing “Far Out” to acknowledge gratitude like, “Thank You.” Today, I used Far Out in conversation with a somewhat younger Autotech working on our car. He had never heard the expression before. I thought back, and realized he had been deprived of life in the 1970s. I wonder what colloquialisms I am missing out on now being an out of touch Boomer. Language changes.

And so, too, does our Denver Metro Residential Market. Let’s take a look.

Overall, not a bad week all things considered, but I will be expecting the number of closings to climb as we move into February.

Now, let’s take a look at the supply side of things. The Total Active Listing right now is 5,841. This is just slightly up from last week, which was 5,749. We will be tracking this closely in the coming weeks and throughout the year. Should we start to see 6 months supply or more, values will start to suffer. We are closing in on this market-wide; outlying areas are already past it, but close-in areas are under it. Our tracking will be very telling in the weeks and months ahead.

In closing today, let’s take solace in the good surrounding our market. First, at 7% interest rates, we still have a market, and it is quite healthy. Second, Colorado has seen its population growth taper off, and we still have a healthy market. Finally, as reported by our MLS System, we have a few more data points leading into 2025.

What to Watch in 2025

“As we move into 2025, the Denver metro area housing market appears well-positioned to offer expanded opportunities for buyers. With a larger pool of active listings and steady home prices, potential homeowners will benefit from greater choices, particularly in key counties like Denver and Arapahoe. Meanwhile, rental inventory constraints may continue to drive interest in purchasing, creating a dynamic and engaging market landscape. Stay tuned to REcolorado for the latest updates and insights as we navigate the year ahead together.“

Let’s keep in touch: TheCryerTeam@Kentwood.com