The Denver real estate market is gaining momentum as we move into 2025, with more activity from both buyers and sellers. In February, pending home sales increased 4.0% year-over-year with 3,359 homes now pending sale. New listings jumped 9.6%, adding 4,480 new properties to market. Inventory is up 43.1% from last year, with 8,080 homes now available, moving the market toward better balance with 2.3 months of supply. Despite increased listings, closed sales fell 13.3% from last February, with 2,613 homes sold. However, sales rose 12.3% from January, showing positive momentum heading into spring. Homes are taking longer to sell, averaging 55 days on the market—up 19.6% from last year—giving buyers more time to decide.

Supply - Active Listings

In February, active supply was up 6.2% month over month and remained elevated when compared to February 2024, which saw 5,645 active listings.

New Listings

February saw 4,480 new properties enter the market. This data point increased 6.4% when compared to last month, which saw 4,211 new listings. Last year at this time we saw 4,087 new listings.

Demand - Pending Sales

Demand, a snapshot of new pending sales, increased by 14.6% when compared to last month. Last year at this time we saw 3,230 pending sales.

Percent of Closed Price to List Price

This data point was up slightly (0.5%) from last month. Last year at this time we saw 99.3%.

Average Days in MLS

February saw the number of days on the market at 55 days, on average. Last month saw 59 days and last year at this time saw 46 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