Sales:

Home sales rose in Greeley CO in January 2025. There were 53 homes sold, a gain of 29.3% from the 41 homes sold in December 2024, and a gain of 10.8% from the 45 sold in January 2024.

Prices:

Home prices declined in January 2025. The median price fell 2.1% to $426K from December’s $435K, while the average price was down 13.4% to $415K from $479K for the same period. Please keep in mind that these results reflect only those specific homes sold during the month and are therefore subject to random variations.

Inventory:

The inventory of homes for sale in Greeley CO rose 6.9% to 171 on the market at the end of January 2024, down from 160 homes at the end of December 2024. The Month’s Supply of Inventory (MSI) fell to 3.2 months from December’s 3.9 months, as sales outpaced inventory gains.

Sales Price vs. List Price:

In January 2025, homes in Greeley CO sold for 99.4% of asking price, up from December 2024’s 98.7%.

Summary:

January market results typically give us few clues as to the housing market’s future directions, and last month was no exception. As we noted then, in the coming year, the real estate market will most likely take its cues from anticipated as well as actual changes in the national economic, social and political environment.

The present state of things is currently still too chaotic to give any kind of clear picture of where we may be headed, but for now, we expect that current political and economic uncertainty, high interest rates, and worries about inflation are likely to constrain enthusiasm for discretionary investment in the housing market. In other words, we think the real estate market is going to be slow for a while.

Of course, we’ll be watching the market as it reacts, and we’ll report back to you in a timely and accurate manner about what we’re seeing. And in the meantime, we’re always available to talk – give us a call if you have questions or just want to chat about the market.