If you've lived in Colorado for a while, you know spring has a hard time making up its mind - sunshine one day, snow the next. This April, the Denver Metro real estate market mirrored that same unpredictability, according to the Denver Metro Association of Realtors Market Trend Committee.
One week felt hot with buyer activity and quick sales, and the next brought a chill with hesitation driven by fluctuating mortgage rates and uncertainty in the broader economy. Consumer sentiment was cautious - buyers and sellers alike were willing to engage, provided the numbers made sense. While economic uncertainty lingered, the market operated with cautious momentum, driven more by life changes than speculation or urgency.
With seller activity so far in 2025, one thing was predictable: increased inventory. New listings were up 10.78 percent month-over-month and up 18.13 percent year-over-year. We typically see inventory increase in the spring months.
However, this month-over-month increase is slightly larger than the average of 8.37 percent.
Buyer activity usually remains strong during the spring months, and a month-over-month decrease in pending units, although just 2.27 percent, may reflect an early peak in the spring market.
This slowdown in buyer activity and an influx of new listings resulted in a 26.58 percent increase in active listings at month's end for detached homes and an increase of 15.50 percent for attached homes. Comparing this to April 2024, this is an increase of 66.22 percent for detached homes and 81.42 percent for attached homes. With the rise in invento-ry, properties are predictably on the market longer; the median days in the MLS were 13, down 23.53 percent month-over-month, but up 62.50 percent year-over-year.
Despite the increase in inventory, the median sale price increased month-over-month. The median sale price for detached homes was $665,000, a 0.76 percent increase, and the median for attached homes was $389,900, a 0.55 percent increase. Comparing year-over-year, attached properties showed a decrease of 6.05 percent in median sale price.
Year-to-date, we see a slight year-over-year slowdown of 1.82 percent in the number of closed properties. Compared to the year-to-date data of a high-activity year such as 2021, the number of closed properties is down 29.20 percent.
With inventory rising and buyers becoming increasingly selective, it is important for sellers to understand they are in a competitive environment. Every listing now needs to earn buyer attention. Set realistic expectations and help your clients understand how condition, staging, and strategic pricing impact a buyer's perspective.
Buyers in this market are experiencing a lot with interest rates, talks of a recession and uneasy consumer confidence. We can ease these concerns by helping our clients stay grounded in their personal goals and focus on local realities - and financial positions. Focusing on longer-term needs can help ease the uncertainty of the day-to-day.
Learn more about the market from the Denver Metro Association of Realtors.
Thank you to our partners at the Denver Metro Association of Realtors for compiling this information.
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If there is a home that you would like more information about, if you are considering selling a property, or if you have questions about the housing market in your neighborhood, please reach out. We’re here to help.
