Year-Over-Year Insights
In March, the Denver Metro housing market continued to show steady activity, with modest shifts across key metrics reflecting a more balanced environment for both buyers and sellers.
Closed listings increased 3% year over year to 3,677 homes, signaling continued buyer engagement. Median home prices held relatively stable at $589,000, down just 1% from March 2025, indicating slight softening while overall values remain strong.
Homes moved slightly faster compared to last year, with median Days in MLS decreasing by one day to 18, suggesting steady demand and efficient market movement.
New listings declined 6% year over year to 5,986, while pending listings rose 5%, highlighting continued buyer interest despite fewer new properties entering the market. Active listings dipped 2% overall, with approximately 12 weeks of inventory available, keeping conditions competitive and reinforcing the importance of strategic pricing and strong market positioning for sellers.
Month-Over-Month Insights
After a strong rebound in February, March continued to build momentum across the market, with activity picking up even further as the spring season begins. Closed listings jumped 35% month over month, signaling a significant increase in buyer activity as the spring market begins to take shape. Median home prices also ticked up 2%, showing continued stability and modest upward pressure.
The pace of the market accelerated notably, with median Days in MLS dropping by 19 days month over month to 18, indicating homes are moving much faster as demand picks up.
Activity strengthened across the board, with new listings rising 20% month over month and pending sales increasing 31% to 4,615, reflecting strong momentum from both buyers and sellers heading into the busy season.
Denver Metro Rental Market
In March, the rental market experienced minor shifts across key metrics, with overall activity holding steady. Leased properties increased 2% year over year to 325, while median rent held flat at $2,800, reflecting continued price stability across the market.
At the same time, price-per-bedroom saw no change year over year, while price-per-square-foot decreased 1%, suggesting renters may be finding slightly more value in larger spaces compared to last year.
Properties took longer to lease, with median days on market rising to 33, six days longer than last year, indicating a slower leasing pace even as renter demand remains consistent.
