Housing Market Reports
Year-Over-Year Insights
The local housing market showed steady momentum in April. A 3% year-over-year increase in closed listings signals ongoing buyer demand and a continued willingness among sellers to transact. The highest number of closed transactions occurred in the $500,000–$600,000 range.
The median closed price held steady at $604,000, up just 1% from April 2024. This price stability suggests we are still seeing a balanced market. Homes spent a median of 14 days in the MLS, five days longer than in April 2024. While this reflects a slightly slower pace overall, it’s still indicative of a relatively brisk market.
A notable 18% increase in new listings compared to last year gives buyers more options. At the same time, a 5% increase in pending contracts year-over-year shows that buyers remain active and ready to make offers.
Month-Over-Month Insights
The housing market picked up pace month over month, with closed listings rising by 11%. The median closed price rose 2%, showing a slight increase in values as demand remains solid. Homes also moved faster, spending five fewer days on the MLS than in March. In response to the increased activity, sellers added fresh inventory with a 10% rise in new listings. Sellers are benefiting from quicker sales and modest price gains, though pending contracts were down slightly by 3%, which means pricing strategically remains key.
Denver Metro Rental Market
The rental market softened slightly year over year, offering some relief to tenants and signaling a shift for landlords. The median leased price dipped 2% while the price per square foot declined 3%, suggesting broader price adjustments across the market. Despite these decreases, the median price per bedroom held steady at $1,000. Leasing activity has consistently dropped year over year since 2023. In April 2025 leasing activity was down 10% compared to April 2024. However, rental properties are moving slightly faster, spending three fewer days in the MLS compared to this time last year.
