DMAR Real Estate Market Trends Report | APR. '25
Spring in Colorado is famously unpredictable with sunshine one day and snow the next, and this April, the Denver Metro housing market mirrored that volatility. Buyer activity surged one week and cooled the next, as fluctuating mortgage rates and broader economic uncertainty weighed on consumer sentiment. Buyers and sellers remained willing to engage, but only when the numbers made sense. The result was a market moving forward with cautious momentum, driven more by life changes than by speculation or urgency.
One consistent trend so far in 2025 has been the rise in inventory. New listings increased 10.78 percent month-over-month and 18.13 percent year-over-year. While inventory growth is typical for the spring season, this month-over-month gain slightly exceeded the historical average of 8.37 percent.
Buyer activity, which is usually strong during the spring months, showed signs of a potential early peak. Pending listings declined 2.27 percent from the previous month, suggesting a softening in demand amid changing conditions.
As buyer activity slowed and new listings continued to rise, active inventory grew significantly. At the end of April, detached home listings were up 26.58 percent month-over-month and attached home listings rose 15.50 percent. Compared to April 2024, detached home inventory increased 66.22 percent and attached inventory climbed 81.42 percent. With more options available, homes are spending slightly longer on the market. Median days in the MLS was 13, down 23.53 percent from the prior month, but up 62.50 percent year-over-year.
Despite the influx of listings, home values remained relatively stable. The median sale price for detached homes rose 0.76 percent month-over-month to $665,000, while attached homes saw a 0.55 percent increase, reaching $389,900. However, compared to last year, the median price for attached properties was down 6.05 percent.
Year-to-date, the number of closed transactions has decreased 1.82 percent compared to the same period in 2024. When compared to the high-volume year of 2021, closed sales are down 29.20 percent.
“As inventory grows and buyers become more selective, today’s market demands a more intentional approach from sellers,” said Amanda Snitker, Chair of the DMAR Market Trends Committee and Metro Denver Realtor®. “Listings must now earn buyer attention through thoughtful preparation, realistic pricing, and compelling presentation. Sellers should be advised that the market is competitive, and buyers are weighing their options carefully.”
Commented Snitker, “For buyers, navigating economic headlines, interest rate volatility, and shifting sentiment can be challenging. By helping clients focus on personal goals and financial realities rather than daily market noise, real estate professionals can offer valuable clarity. There is real opportunity for buyers who are prepared, informed, and confident in their needs.”
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