Q3 2025 NoCo Market Update

Well, we’re half way through 2025 already!

Ups and downs have been the story thus far. While there are month-over-month changes, there are trends. Let’s talk about it.

Overall Transition

If you’ve seen my market reports over the past few years, I tend to reference ‘Months Supply of Inventory (MSI)’ regularly. MSI answers the question: ‘How many months would it take for all the homes on the market to sell, if no new homes were listed?’ So, it not only takes into account homes for sale, but is a good metric to gauge buyer activity as well. The general consensus is that a ‘balanced’ market is when the MSI is between 4 months and 6 months. Below 4 is a ‘Seller’s Market’, above 6 is a ‘Buyer’s Market’.

• The average MSI across all of IRES MLS (NoCo) has risen to 4.2 in June. This is a 31% increase year-over-year.

• Weld County – 3.4 (up 21% YoY)

• Larimer County – 4.1 (up 28% YoY)

This shows that the market is shifting towards more ‘buyer favoring’ conditions. Keep in mind, during all of the craziness in 2022, the MSI was 0.4 months!

Other Noteworthy Stats

Data drives our industry and decision making. So what is the data showing? Keep in mind the graphics and numbers below are specific to single family detached homes.

• Days on Market – Weld (+9%) Larimer (+7) – There was a gradual decrease from the winter into the spring/summer months. While this seasonal change is common, it is a good sign that there are buyers looking for homes.

• Closed Sales – Weld (+14%) Larimer (+17%) – Yes, there is definitely more inventory on the market, but there have also been more homes sold!

• Sales Price – Weld (No change) Larimer (-2.4%) – Weld county has remained consistent in sales price compared to last year, while Larimer has seen a slight decrease in Median Sales Price.

• New Listings – Weld (+10%) Larimer (+13%) – As we discussed late last year, majority of professionals were anticipating an increase in inventory due to ‘pent up demand’. We are seeing that now.

What does it mean?

The numbers are clear…we have shifted to a more buyer favoring market (albeit that is compared to one of the strongest seller markets in history).

• Selling – Homes are still selling! While there has been a shift, discerning buyers are out there…and looking for quality homes at a fair price. This is reflected in the increase in ‘Pending Sales’. It has never been more crucial to have concise and professional marketing with a pricing strategy that is appropriate for the current market.

• Buying – If you’ve been on the fence about buying a home, let’s talk. Nearly half of all listings have done a price reduction. Seller concessions are on the rise. This may be the time to save some cash in your pocket and get the home you want!

• Buying and Selling – If you need to sell your home before you can buy your next one, success can be found in todays market. In recent years, sellers are adverse to ‘conditional upon sale’ contracts (meaning ‘my house must sell before I can buy yours). While sellers may not be receiving multiple offers, this added contingency is not a ‘deal breaker’ for many!

You need a professional on your side that can give you accurate and concise advice, based on current trends and reliable data. I would encourage you to follow my social media channels (FB/IG/YouTube @caseybaker.realtor, links at the bottom of this email) as I regularly post on current topics to keep you informed in this fast paced market.

If a move is in the future for you or someone you know, whether buying, selling or both, give me a call!

As always, if you have questions, let’s talk!

All the best,