Friday, 31 Oct 2025
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
logo logo
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
  • 🔥
  • Trump
  • VIDEO
  • House
  • White
  • ScienceAlert
  • Trumps
  • Watch
  • man
  • Health
  • Season
Font ResizerAa
American FocusAmerican Focus
Search
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
Follow US
© 2024 americanfocus.online – All Rights Reserved.
American Focus > Blog > World News > Metro Denver buyers favored homes over condos, townhomes last year
World News

Metro Denver buyers favored homes over condos, townhomes last year

Last updated: January 7, 2025 1:38 pm
Share
Metro Denver buyers favored homes over condos, townhomes last year
SHARE

As 2024 came to a close, Metro Denver saw a significant increase in the number of homes and condos listed for sale compared to the previous year. Despite a similar number of closings, these listings took longer to sell, according to a monthly update from the Denver Metro Association of Realtors.

Steve Danyliw, a member of the DMAR Market Trends Committee and local Realtor, noted that the housing market in 2024 faced challenges similar to those in 2023, with elevated mortgage rates influencing buyer and seller behavior.

A noticeable trend in 2024 was the widening gap between sales of condos and townhomes versus detached homes. Condo sales dropped by 15.5%, while detached home sales rose by 7.84%, snapping a three-year decline trend. Overall, sales increased by 0.9%.

The median price of detached homes rose by 2.28% in 2024, while attached home prices decreased by 1.9%. This gap continued to widen throughout the year, with detached homes reaching a median sales price of $639,700 and attached homes at $394,000 in December.

New listings for detached homes increased by 15.8% in 2024, compared to a more modest 5.2% increase for townhomes and condos.

The rise in active listings in the 11-county region tracked by DMAR went from 4,971 at the end of 2023 to 6,888 at the end of 2024, representing a 38.6% increase. Despite this rise, the inventory remains below the historical average.

Buyers had more options at the end of 2024, with active listings being more than four times the record low inventory reached in December 2021.

Listings took longer to sell in 2024, with detached homes spending a median of 39 days on the market in December, compared to 29 days in December 2023. Attached homes were on the market for 44 days versus 31 days.

See also  Denver airport exploring whether nuclear power is feasible option

As the year came to a close, sellers experienced a drop in active listings between November and December, a common seasonal pattern according to Amanda Snitker, chairwoman of DMAR’s Market Trends Committee.

For more real estate and business news, subscribe to our weekly newsletter, On the Block.

Originally Published: January 7, 2025 at 1:08 PM MST

TAGGED:buyerscondosDenverfavoredHomesmetrotownhomesYear
Share This Article
Twitter Email Copy Link Print
Previous Article Trump Tried To Hold A Press Conference And It Was A Total Disaster Trump Tried To Hold A Press Conference And It Was A Total Disaster
Next Article California felon escapes custody by simply strolling away from low-security work site California felon escapes custody by simply strolling away from low-security work site
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

NJ Republicans are mailing in more ballots in ‘encouraging’ early sign for Jack Ciattarelli

New Jersey Republicans are submitting their mail-in ballots at a higher rate than their Democratic…

October 5, 2025

Meghan Markle Breaks The Bank In Nearly $20K Ensemble To Dodgers Game

Meghan Markle Stuns in Expensive Outfit and Jewelry at Baseball Game When Meghan Markle stepped…

October 29, 2025

Mystery Eye Issues at Trump Rally Spark Fears of Third Assassination Attempt

Trump Rally in Arizona Sparks Fear of Possible Assassination Attempt Following a recent rally held…

September 19, 2024

President Donald J. Trump Adjusts Tariffs on Canada and Mexico to Minimize Disruption to the Automotive Industry – ]

President Donald J. Trump announced adjustments to tariffs on imports from Canada and Mexico in…

March 6, 2025

US investigating potential human-to-human bird flu transmission

Health authorities in the U.S. are closely monitoring seven individuals who have developed influenza symptoms…

October 1, 2024

You Might Also Like

Basketball: Hoiho thump Southern rivals
World News

Basketball: Hoiho thump Southern rivals

October 31, 2025
Teacher Shot By Student Remembers Moment She Thought She Died
World News

Teacher Shot By Student Remembers Moment She Thought She Died

October 31, 2025
New Jersey Homeland Security raid captures 46 undocumented workers at Avenel warehouse
World News

New Jersey Homeland Security raid captures 46 undocumented workers at Avenel warehouse

October 30, 2025
Haiti, Jamaica and Cuba pick up after Hurricane Melissa : NPR
World News

Haiti, Jamaica and Cuba pick up after Hurricane Melissa : NPR

October 30, 2025
logo logo
Facebook Twitter Youtube

About US


Explore global affairs, political insights, and linguistic origins. Stay informed with our comprehensive coverage of world news, politics, and Lifestyle.

Top Categories
  • Crime
  • Environment
  • Sports
  • Tech and Science
Usefull Links
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA

© 2024 americanfocus.online –  All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?