Housing Market Reports
The Denver metro housing market showed strong momentum in February 2025, with increasing inventory and steady buyer demand shaping a more balanced landscape. Sellers added 4,941 new listings, a notable increase from last year, giving buyers more choices as the spring season approached. Buyer activity remained steady, with 2,694 homes closing and 3,529 properties going under contract, demonstrating continued interest in homeownership. Meanwhile, home prices continued their upward trend, with the median closed price reaching $599,000. However, buyers took more time to make decisions, as homes spent a median of 33 days in the MLS.
Month-Over-Month Insights
Compared to January, the market experienced a noticeable uptick in activity. New listings rose by 14%, providing buyers with additional inventory to consider. The increase in available homes translated into stronger buyer engagement, with pending listings climbing 23% from the previous month. Closed sales also saw an 18% boost, while homes moved off the market faster, with median days in MLS dropping by 14 days. These shifts indicate a growing confidence among both buyers and sellers, along with strategic pricing adjustments that contributed to the 4% month-over-month increase in median closed price.
Denver Metro Rental Market
February saw a slowdown in the rental market, with 216 properties leased through REcolorado’s MLS, marking a 30% decline year-over-year. Despite the dip in leasing activity, rental prices remained strong, with the median leased price increasing 2% compared to the same time last year. Rental inventory remained tight, as 323 new rental listings entered the market, reflecting a slight 1% decrease from February 2024 and 3% fewer than January 2025. At the time of reporting, 563 active rental properties were available, a marginal 1% decrease from the previous month.
What This Means for Buyers and Sellers
With inventory growing and demand remaining steady, February’s trends signal a market that is becoming more balanced. Buyers have more options but are taking longer to finalize decisions, while sellers continue to see price appreciation, albeit with longer days on market. As the spring season approaches, continued monitoring of mortgage rates and buyer activity will be crucial in determining the market’s trajectory. Whether buying, selling, or renting, staying informed and working with real estate professionals will be key to navigating the evolving Denver metro housing market.