Here's the market update for the Greater Denver Area for January 2024. 🏡

about a 19% chance that they're going to do a rate reduction on January 31st, but there's a 90% chance that they're going to do a reduction on their March meeting. Now let's take a look at the greater Denver area statistics. We saw single-family home prices increase to $731,000, which is an increase of 4% year over year. We saw condo and townhome prices increase to $470,000, which was an increase of 0.9% year over year. We also saw demand pick up 4.8% year over year, so we're starting to see some more movement in the market. New listings are down 4.2%, and active listings are down 25.7%. It's just more of the same as sellers take the wait-and-see approach, and buyers are still on the sidelines because interest rates haven't come down that much, but it is coming. Closed price to list price ticked up slightly, 0.1% year over year. That increased to 98.6%. Days on market also ticked up to 45 days,