Annual Report
Northern Colorado
2024
A Look Back
As we reflect on 2024, it’s clear that the real estate market continues to be a dynamic and ever-evolving landscape. Rather than focusing on short-term, this year challenged us to think long-term, to embrace an abundance mindset, and to serve our clients with clarity. In this annual report, we take a moment to look back at the patterns and trends that emerged, helping us build stronger relationships, provide greater value, and create lasting success for everyone we serve. Real estate isn’t about transactions—it’s about playing the infinite game of trust, growth, and opportunity.
Interesting Findings
As we enter 2025, the real estate market continues to evolve, shaped by shifting demographics, buyer preferences, and market dynamics. Here are some fascinating insights and statistics that highlight key trends:
24 Percent
First-time buyers
32% of the market in 2023 consisted of firsttime buyers. This year dropped to only 24% of the market being first-buyers which qualified for an alltime low
Source: NAR®
38 Years
Median first-time buyer age
Last year the median first-time buyer age was 35 years. This year the age jumped to 38 years old.
Source: NAR®
63 Years 56 Years
Median home buyer age
The median home buyer age in 2023 was 49 years. 2024 reached an all time high with the median home buyer age being 56 years old.
Source: NAR®
Typical of age of sellers
The typical of age of home sellers was 63 in 2024. This reached the highest share recorded.
Source: NAR®
Agent Production
47% of agents sold zero homes last year equalling 700,000 agents!
Source: NAR®
For sale by owners Empty nesters All-cash buyers
6% of sales were FSBOs. This is an all time low for for sale by owners.
Source: NAR®
Of all homes sold on the market, 77% did not have children under the age of 18 residing at home.
Source: NAR®
The median number of years a seller owned their home was 10 years. From 2000-2008 that tenure was only 6 years.
Source: NAR®
Buyers typically viewed 7 homes and 2 of those homes were viewed online only. This means the average home buyer looked at 5 homes before making the decision to buy a property.
Source: NAR®
2024 reached an all time high with 26% of all transactions being made by all-cash buyers.
Source: NAR®
10 Years
7 Homes
Lets connect
BisonREGroup.com
With a passion for real estate and a commitment to community betterment. We have consistently demonstrated exceptional expertise and dedication, earning recognition as one of America’s Best Real Estate Professionals, ranking within the top 1.5% according to Real Trends.
“I used this team for three real estate transactions in the past year. I was always most impressed with his quick response to my text and calls.
He knows the real estate market. He went the extra mile in helping me get lined up with the services I needed.
I will use him again and I will gladly recommend him to anyone.”
— Robert E
“This team was professional available and knowledgeable. His communication with us was exceptional and the best we’ve experienced in 30 years of buying and selling homes! I highly recommend.”
— Mary B
Fort Collins
Fort Collins, CO
Loveland, CO
Berthoud
Greeley, CO
Northern Colorado
Fort Collins - Loveland
Greeley
Colorado’s real estate market in 2025 is expected to remain stable, with regions like Colorado Springs poised for notable growth. While home prices may experience modest increases, the market is projected to avoid significant downturns, creating a balanced environment for both buyers and sellers.
In Northern Colorado, the strength of the job market and the region’s diverse industries provide a solid foundation for continued stability, even in shifting economic conditions. Historically, Colorado has averaged around 4.5% annual appreciation, and 2025 is anticipated to align with this trend, signaling steady, sustainable growth.
Mortgage rates are expected to remain steady in the 6-7% range, offering predictability for buyers and homeowners alike as they plan for the year ahead. Overall, Colorado’s resilient market continues to offer a dependable environment for real estate investment and homeownership.
If you’re considering selling, patience will be key, as the average days on market continues to rise. This shift means the chances of a home selling on the first day, as we often saw during the peak of low interest rates, are now much lower. Sellers should focus on proper pricing and presentation to attract the right buyers.
For buyers, it’s equally important to approach the market with patience, as it remains a “seller’s market.” Well-priced, desirable properties still tend to sell quickly, so be prepared to act swiftly when the right home comes along. However, with inventory gradually increasing, buyers now have more options than in recent years, providing greater opportunities to find the right home.
We believe that as consumer debt continues to rise, some homeowners may look to sell their properties to address financial pressures, such as paying off unsecured debt or managing a financial crunch. For many, refinancing is not an attractive option due to their existing mortgage rates being locked in at under 4%. This trend is a typical cycle following significant rate increases, as homeowners explore alternatives to improve their financial stability.
If you have any questions please know you can reach out to any of our great real estate brokers anytime to get expert advise.
Looking ahead 2025
As we look forward to 2025, we do so with optimism and confidence in the continued growth of our Northern Colorado community. We anticipate strong job growth in both Larimer and Weld counties, a key driver of real estate demand in our region. Across nearly all healthy real estate markets, job growth serves as the foundation for stability and appreciation, and Northern Colorado’s market is no exception. The diversity of industries in our area continues to keep us resilient, ensuring that we aren’t overly reliant on any one sector, unlike other parts of the country.
While mortgage interest rates have dominated headlines in recent years, we believe they may not have the same spotlight in 2025. It’s likely we’ll see fewer dramatic shifts in rates, barring any unforeseen events. Mortgage rates are closely tied to the 10-year Treasury bond, which has experienced modest increases despite recent rate cuts and a more relaxed monetary policy by the Federal Reserve. In short, we expect rates to remain steady in 2025, offering stability for homeowners and potential buyers alike.
Northern Colorado remains one of the best places to live and raise a family, and as long as that continues to be true, we believe we will see ongoing appreciation in home values and steady demand for homes of all types. This is a community built on growth, opportunity, and a quality of life that is hard to beat.
We are excited for what the new year holds and look forward to continuing to serve you in this ever-evolving market.
