In March, the number of active listings surged across Greater Metro Denver, rising 54% year over year (YoY) for single-family homes and 73% YoY for condo/townhomes. New listings also increased, rising 29% YoY. This boost pushed the months’ supply of inventory to 2.7, a 50% increase from last year. The last time March had over 9,000+ active listings was in 2012, when inventory reached 13,300. These trends indicate a shift toward a more buyer-friendly market. Buyer demand also grew, with 4,648 pending sales in March—up from 4,062 at the same time last year, reflecting increases both YoY and month over month (MoM). The average and median closed prices for condo/townhomes dropped 10% and 7% YoY, while single-family home prices remained relatively stable both MoM and YoY.

Supply - Active Listings

In March, active supply was up 9.4% month over month and remained elevated when compared to March 2024, which saw 6,031 active listings.

New Listings

March saw 6,131 new properties enter the market. This data point increased 31.9% when compared to last month, which saw 4,648 new listings. Last year at this time we saw 4,769 new listings.

Demand - Pending Sales

Demand, a snapshot of new pending sales, increased by 41.1% when compared to last month. Last year at this time we saw 4,062 pending sales.

Percent of Closed Price to List Price

This data point was up 0.3% from last month. Last year at this time we saw 99.8%.

Average Days in MLS

March saw the number of days on the market at 47 days, on average. Last month saw 55 days and last year at this time saw 38 days, on average.

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Reports based on data from REColorado®, Inc. 

GREATER METRO DENVER INCLUDES THE FOLLOWING COUNTIES:

• Arapahoe, Adams, Broomfield, Denver, Douglas, Elbert and Jefferson
• Reports are based on information from REColorado®, Inc. for the period shown in title. Note: This representation is based in whole or in part on content supplied by REColorado®, Inc. REColorado®, Inc. does not guarantee nor is in any way responsible for its accuracy. Content maintained by REColorado®, Inc. may not reflect all real estate activity in the market. •Information deemed reliable but not guaranteed.
• © 2020 Land Title Guarantee Company. All rights reserved.

Mortgage Data Source: Freddie Mac