It’s that time of month again! Take a look a the Denver Metro Area Market statistics.

Year-Over-Year Insights:

The local housing market showed steady momentum in April. A 3% year-over-year increase in closed listings signals ongoing buyer demand and a continued willingness among sellers to transact. The highest number of closed transactions occurred in the $500,000–$600,000 range. The median closed price held steady at $604,000, up only 1% from April 2024. This price stability suggests we are still seeing a balanced market. Homes spent a median of 14 days in the MLS, 5 days longer than in April 2024. While this reflects a slightly slower pace overall, it’s still indicative of a relatively brisk market. A notable 19% increase in new listings compared to last year gives buyers more options. At the same time, a 5% increase in pending contracts year-over-year shows that buyers remain active and ready to make offers.

Month-Over-Month Insights:

The housing market picked up pace month over month, with closed listings rising by 12%. The median closed price rose 2%, showing a slight increase in values as demand remains solid. Homes also moved faster, spending 14 fewer days on the MLS than in March. In response to the increased activity, sellers added fresh inventory with a 10% rise in new listings. Sellers are benefiting from quicker sales and modest price gains, though pending contracts were down slightly by 3%, which means pricing strategically remains key.

Denver Metro Rental Market:

The rental market softened slightly year over year, offering some relief to tenants and signaling a shift for landlords. The median leased price dipped 2%, while the price per square foot declined 3%, suggesting broader price adjustments across the market. Despite these decreases, the median price per bedroom held steady at $1,000. Fewer properties were leased overall, with leasing activity down 10%. However, rental properties are moving slightly faster, spending 3 fewer days in the MLS compared to last year.

Closed Listings:

A 3% year-over-year increase in closed listings signals ongoing buyer demand and a continued willingness among sellers to transact.

Closed Prices:

The median closed price held steady at $604,000, up only 1% from April 2024.

New Listings:

A notable 19% increase in new listings compared to last year gives buyers more options.

Pending Listings:

A 5% increase in pending contracts year-over-year shows that buyers remain active and ready to make offers.

Days in MLS:

The median closed price held steady at $604,000, up only 1% from April 2024.

Activity by Price Range:

The housing market picked up pace month over month, with closed listings rising by 12%. The median closed price rose 2%, showing a slight increase in values as demand remains solid.

All Date is taken from ReColorado, May 9, 2025