Our market update for the metro Denver area for April 2025 is broken down into All Residential, as well as Luxury Residential stats.

Below are links to download our update, as well as a breakdown of the stats in more detail:

• Metro Denver Area Residential Market Update
• Metro Denver Area Residential Luxury Market Update
• Metro Denver Area Residential Market Update Detailed Stats

Metro Denver Area Residential Market Update

As we watch Spring weather bring everything back to life around us, we are also experiencing the best time of the year to Sell and Buy a home! In fact, April has been marked as the best time to sell in 2025, according to Realtor.com’s annual analysis! Spring time in the Rockies is no different, so let’s take a look at the numbers through March and the first quarter of 2025!

The Active Inventory for Residential Real Estate is at 9,764 which is up 67% from the same time last year. New Listings are up 25% YTD while Pending Contracts were up 14% in March. Sold and Closed properties continue to be a lagging indicator for the 1st quarter and are down almost 4% from last year, however the market is building momentum and we expect that to increase and surpass last year! The Average days on the market has also increased at 54 YTD, which is up 23% from last year. The Average Price of a Single Family home YTD is currently at $777,905 which is up almost 3% from last year, while the Average Price of a Condo/Townhome is currently at $444,510 and that is down -2.2% from last year.

Buyers, the Denver Metro Real Estate Market is currently one of the top 15 Buyer’s Markets in the Nation, so the opportunities to find the right home are perfect during the home buying season and see some excellent value!

Sellers, the Buyers are looking for value and don’t have the same urgency as during the pandemic years. Buyers will wait for the right home, however they will also compete for a well-priced home in turnkey condition in a desirable area. Sellers need to create that urgency by presenting a beautiful home at an attractive price. 

We see some amazing opportunities in the market this Spring Season, and are excited to share our professional experience to assist with all of your Real Estate needs!

Metro Denver Area Luxury Market Update

The Luxury market is being very steady through the first quarter of the year. Average sales prices are holding pretty firm with less than a 2% decline from this time last year. Sold volume is comparable to last year with only a 3% decline from last year. The average days on the market has declined from near 80 days in January to 47 days on the market in March for single family homes and 38 days on the market for attached homes. And, inventory has increased by 46% over this time last year.

What does all of this mean? The Luxury market is a more normalized market with prices holding pretty steady, so sellers that are pricing their homes correctly are selling quickly. With increased inventory, buyers have more choices so the buying process is more comfortable where buyers have time to make prudent decisions.

As always, sellers, pricing your home correctly for the condition is critical. And for buyers, you have opportunity to get into a new home without having to go crazy on an offer price. Always check your specific neighborhood conditions with your favorite RE/MAX Professionals real estate professional.