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

Year-Over-Year Insights:

The housing market in February 2025 showed strong momentum, with increased inventory giving buyers more choices. Sellers added 4,941 new listings, marking a notable increase from last year. Buyer activity remained steady, with 2,694 homes closed, and 3,529 properties went under contract, reflecting ongoing demand. Home prices trended upward, with the median closed price reaching $599,000, showing continued price appreciation. Homes spent more time on the market, with a median of 33 days in the MLS, indicating a slightly more balanced market as buyers took longer to make decisions.

Month-Over-Month Insights:

February brought an increase in market activity compared to January. New listings rose by 14%, giving buyers more choices as inventory expanded. Buyers responded accordingly, with pending listings increasing by 23%, signaling renewed confidence in the market. The number of closed listings climbed 18% monthover-month, and homes moved off the market faster, with the median days in MLS dropping by 14 days from January. Additionally, home prices rose, reflecting sellers’ strategic pricing adjustments, with the median closed price increasing 4% from the previous month.

Denver Metro Rental Market:

The rental market experienced a slowdown in February, with 216 properties leased through REcolorado’s MLS, a 30% decline year-over-year. Despite lower leasing activity, rental prices remained strong, with the median leased price rising 2% compared to last year. Rental inventory remained tight, as 323 new rental listings were added, a 1% decrease from last year and 3% fewer than January. At the time of data pull, 563 active rental properties were available, reflecting a 1% decrease from the previous month.

Closed Listings

The number of listings that closed in February was 10% lower than this time last year and 18% higher than last month.

Closed Prices

In February, the median closed price of a Denver Metro area home was $599,000 which is 4% higher than last year and last month. Closing prices increased from January to February as sellers increased their asking prices.

New Listings

Denver Metro home sellers added 4,941 new listings to the market, 16% more than last February, and 14% more than last month.

Pending Listings

Throughout the month, buyers executed contracts on 3,529 home listings. The number of listings pending sale in February was 10% higher than last February and 23% higher than last month.

Days in MLS

Days in MLS counts the number of days a listing was actively available in REcolorado’s MLS system before a contract was executed. In February, homes spent 33 days in the MLS, 8 days longer than last year at this time, and 14 days shorter than last month.

Activity by Price Range

The most active price range in February was $500-600,000. In this range, 667 homes closed and 822 new listings were added to the market. Homes priced at $500-600,000 moved to Pending in a median of 27 days.

Active Listings and Volume

Standing inventory, or the number of listings actively available for sale at the time February data was pulled, was 20% higher than last year, with 8,277 homes actively available for sale in the DenverMetro area. The number of active listings saw an 11% increase from January. The gross sales volume in February was 7% lower than last February.

All Data is taken from ReColorado, March 7, 2025