Steady Prices, More Listings: Denver’s Spring Market in Full Swing
Denver Metro Housing Market Update – April 2025
April brought a surge of momentum to the Denver Metro real estate market, signaling strong activity across both buyers and sellers. Closed listings rose to 3,982—up 3% year-over-year and 12% from March. The median closed price remained steady at $604,000, a modest 1% increase from April 2024, highlighting a stable and balanced market. Homes are selling relatively quickly, spending a median of just 14 days on the MLS.
Buyers benefited from increased inventory, with 7,186 new listings hitting the market—an 18% year-over-year jump. Despite this boost in supply, demand remained strong with 4,324 homes going under contract, reflecting a 5% annual rise in pending listings.
The market also saw a 2% month-over-month increase in home prices, with average prices climbing to $714,551. Sellers are responding to this momentum by listing properties more aggressively, though strategic pricing remains essential as pending contracts dipped 3% from the previous month.
Rental Market Trends
The rental market cooled slightly in April, providing some breathing room for tenants. Median leased prices dropped 2%, and the price per square foot dipped 3%, suggesting downward price adjustments across the board. Leasing activity slowed by 10%, although rental units are moving a bit faster—spending 3 fewer days on the MLS than last year. The median rent per bedroom stayed level at $1,000.
Quick Stats at a Glance:
Closed Listings: 3,982 (+3% YoY)
Median Price: $604,000 (+1% YoY, +2% MoM)
Median Days on MLS: 14 (+5 days YoY, -14 days MoM)
New Listings: 7,186 (+18% YoY)
Active Listings: 12,436
Pending Listings: 4,324 (+5% YoY)
Rental Market: Median lease down 2%, leasing activity down 10%
As the spring market heats up, both buyers and renters are seeing more options, while sellers are enjoying quicker transactions and stable prices. Whether you're house hunting or leasing, now is a good time to stay active and informed.
