Market Update | April 2025

April Market Report

The Denver Metro housing market in April 2025 is showing continued signs of stabilization, following several years of market volatility. While elevated interest rates are keeping some buyers cautious, an increase in housing inventory is offering welcome flexibility and choice for those actively looking. The market dynamic is slowly shifting, creating more balance between buyers and sellers. As of the latest report, the median sale price across the Denver Metro area stood at $599,000. This represents a modest 3.9% decrease from the April 2022 peak of $616,500. Despite this dip, the price point remains historically strong, reflecting continued demand in core neighborhoods and well-maintained properties. Inventory levels have grown significantly compared to pre-pandemic years. In the first quarter of 2025 alone, the Denver Metro market saw 15,529 new listings—more than double the 6,666 listed during the same period in 2020. This expanded inventory is contributing to a slower, more deliberate buying process and is giving buyers greater negotiating power.

At the same time, total home sales have cooled. Just 8,697 properties sold in Q1 2025, a 27.9% decrease compared to the 12,065 sold in Q1 2020. This decline in transaction volume highlights the impact of persistently high mortgage rates, which have hovered around 7% since late 2022. These elevated rates continue to influence buyer affordability and delay purchasing decisions for many prospective homeowners. Still, competitively priced and move-in-ready homes are seeing strong interest and multiple offers, especially in high-demand areas. Sellers who invest in preparing their homes for market and price them strategically are well-positioned to succeed in this shifting landscape.

Looking forward, experts predict that Denver's housing market will continue along a gradual path of normalization. While affordability remains a key challenge, especially for first-time buyers, the increased inventory provides new opportunities for buyers to enter the market at a more reasonable pace. Sellers, in turn, are advised to stay attuned to market conditions, adjust pricing appropriately, and present their homes in top condition to stand out.