April 2025 Denver Metro Market Review
April brought a mixed bag to the Denver Metro real estate market; surging inventory, rising prices, and a discerning, but active group of buyers. Some weeks felt energetic and competitive, while others slowed due to economic uncertainty and fluctuating mortgage rates. One theme held steady: the market continued its shift toward balance.
Climbing Inventory
Even as buyer activity stayed strong with the spring surge in market activity, the most notable trend in the market was a jump in seller activity. New listings were up 10.78% month-over-month and 18.13% year-over-year. That helped push total active listings up 72% from last year to 11,964; the most available inventory since 2011.
Parsing out detached and attached homes helps create a clearer market picture. Detached homes saw a 26.58% increase in inventory over March, while attached homes were up a still-significant 15.50%. This spike gave buyers what they’ve wanted since 2020: more choices and more time. The median days on market was 13, down slightly from last month due to spring demand, but still 62.5% higher than April 2024.
Prices Stabilize
With such a significant rise in inventory, it might be reasonable to expect a decline in home prices. But Denver’s market proved resilient once again. Median home prices rose 1.51% month-over-month and 0.8% year-over-year, reaching $607,000. Detached homes saw a median price increase to $665,000, up 0.76% from March. Attached homes rose as well, with a 0.55% month-over-month increase to $389,900, though that figure remains down 6.05% year-over-year.
These numbers reflect a market that’s recalibrating, not collapsing. Unlike the dramatic correction seen in 2008, this is a flattening after years of rapid appreciation. Sellers who price thoughtfully and present their homes well are still receiving strong offers. However, buyers have regained negotiating power and are taking time to weigh their options, often requesting concessions when a home doesn’t meet all their criteria.
Interest Rates: A Volatile, Yet Stable Factor
April saw 30-year fixed mortgage rates spike to 7.07% in early April before settling to around 6.8% by the end of the month. While these fluctuations certainly affected buyers, overall rates are holding relatively steady. Many buyers who had been sitting on the sidelines hoping for significantly lower rates are now adjusting to the current environment and making moves when the price and property are right.
Buyers: Take Advantage of Time and Options
More inventory and more days on market means more leverage. Buyers today can afford to be selective. Median days on market are up significantly year-over-year, and the rise in listings gives buyers breathing room—something that’s been missing since 2020. The majority of sellers, 60%, are offering concessions to buyers, to cover closing costs, financing costs and more. While competition remains for turnkey properties in desirable neighborhoods, buyers today have more time and flexibility than much of recent memory.
Sellers: Strategy is Everything
There are plenty of motivated buyers still in the market, but they’re moving more cautiously and selectively. Homes priced right, staged well, and marketed strategically are moving. In April, the close to list price ratio ticked up to 99.33%, showing that serious buyers are often coming in near asking price, particularly when concessions are part of the deal. Competition is fierce, and the days of overpricing and waiting for the market to catch up are gone. Sellers must rely on feedback, adjust as needed, and be ready when the right buyer comes along.
Final Thoughts
The Denver Metro market in April 2025 continued its steady march toward balance. With inventory at its highest level in over a decade, home prices holding steady, and cautious optimism among both buyers and sellers, this is a market that rewards thoughtful strategy over urgency. Buyers have more choices and time to make thoughtful decisions, while sellers can find success with a clear strategy that leaves room to be nimble and adaptable.