“Denver largely has a static population and I don’t think inventory will grow so fast we’ll see a deflation in value.”with West+Main agreed. “Of course, we’re hoping that the market will heat up in 2025, but the little bit of balance that we are feeling now at the end of the year is a nice reprieve.”After the Federal Reserve made three cuts to its key interest rate benchmark since September, it indicated it would likely only make two cuts in 2025.
“Sellers holding onto lower mortgage rates might start to ease into the market as rates stabilize. That shift, combined with new construction catching up, will help balance supply, though competition will remain strong for move-in-ready homes.”Following a slow 2024, realtors anticipate transaction volume will increase in 2025 as major life events like marriages, births, deaths, divorces, and relocations drive people to move.
“I think in 2025 we will have moved past some of the uncertainty. We’ll be past the presidential election, we achieved a soft landing, a lot of the big term items that led to uncertainty have been settled. People will feel liberated to move forward.”“The desire for homeownership remains strong, driven by millennials entering their prime buying years and Gen Z starting to make their move,” she said.
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