Real estate market updates for Denver Colorado.

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…

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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…

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In January, the Greater Metro Denver housing market experienced a substantial rise in active listings, jumping 44% year over year. This marks the highest start-of-year inventory since 2014, when more than 6,000 homes entered the market. New listings increased significantly from both the previous month and the same time last year. Meanwhile, demand—measured by pending sales—held steady year over year, closely mirroring activity in 2023 and 2024. On average, homes spent 59 days on the market, a 23% increase from last year.

Supply - Active Listings

In January, active supply was up 5.2% month over month and remained elevated when compared to January 2024, which saw 5,071 active listings.

New Listings

January saw 4,226 new properties enter…

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In December, the Greater Metro Denver housing market reflected typical seasonal trends, with month-over-month declines in demand, new listings, and overall inventory. However, inventory remained higher than usual throughout much of 2024. As a result, active listings in December were 23% higher than the same time last year, and the months’ supply of inventory increased by 19% compared to December 2023. Homes stayed on the market longer, averaging 55 days, while the number of showings required to go under contract rose to 17.9—an 8% increase both month-over-month and year-over-year.

Supply - Active Listings

In December, active supply was down 28% month over month but remained elevated when compared to December 2023, which saw 5,287 active…

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In November, pending sales increased 22% year over year, indicating demand, with 3,034 properties under contract compared to 2,486 last year. Active listings remained elevated compared to previous years but dropped 17% when compared to October 2024. Months supply of inventory increased to 2.5 months, a 25% year over year rise. Overall, typical seasonal trends dominated in November, with most metrics declining month over month, except for condo pricing, days on market, and showings-related stats.

Supply - Active Listings

In November, active supply was down month over month (-17.2%) but remained elevated when compared to November 2023, which saw 6,765 active listings.

New Listings

November saw 2,642 new properties enter the market. This…

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In October, Greater Metro Denver’s real estate market saw a 17% increase in active listings YoY, the highest since 2013, and an 18% rise in pending sales. Homes averaged 43 days on the market—up 10% from last month and 39% from last year. Notably, attached (condo/townhome) and detached (single-family) markets are reacting differently to high rates, with attached properties showing signs of a slowdown.

Supply - Active Listings

In October, active supply was down slightly month over month (-6.7%) but remained elevated when compared to October 2023, which saw 8,717 active listings.


New Listings

October saw 4,314 new properties enter the market. This data point decreased 10.7% when compared to last month, which saw 4,829 new listings. Last…

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In September, Greater Metro Denver saw both single-family home and condo prices decline year-over-year and from the previous month. Active listings were up 18% from last year but slightly lower than the prior month, with 10,321 listings. New listings increased 12% year-over-year, matching last month and 2022 levels. Pending listings rose compared to last year and last month, but remained well below 2020 and 2021 highs. Homes averaged 39 days on the market, a 35% increase from last year, while showings before going under contract rose 14% to 14.6. Showings per listing stayed stable at 4.9.

Supply - Active Listings

In September, active supply was down slightly month over month (-2.8%) but remained elevated when compared to September 2023, which…

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In August, Greater Metro Denver's real estate market saw a 25% increase in active inventory year-over-year, with months of supply rising to 3 months—a 30% increase. Homes took 36 days on average to sell, a 44% increase from last year. The condo market, however, experienced more pronounced changes: average condo prices fell by 6.3% from August 2023, active listings surged by 35%, and months of supply jumped 52% to 3.5 months. Additionally, pending listings dropped by 6%, and the average days on market for condos rose by 64% to 41 days. These shifts in the condo market will be important to watch as trends continue to develop.

Supply - Active Listings

The August active supply was down slightly month over month (-4.5%) but remained elevated when…

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Greater Metro Denver saw a decline in active inventory and new listings in July compared to June. Homes stayed on the market longer, averaging 29 days, giving buyers more time for decisions. The average number of showings until pending rose by 8.9% to 13.40. There were 4,737 new listings, a 5.5% increase year-over-year but a 13.1% decrease from last month. Pending listings remained nearly the same as in July 2023. Average prices for single-family homes stayed flat compared to both last month and last year, while average condo prices dropped by 6.9% year-over-year. Attention is now on the Federal Reserve meeting on September 17-18.

Supply - Active Listings

After a steady incline since the beginning of the…

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Despite inventory gains, demand appeared to soften in June. Demand saw a cooldown compared to last year, with a decline of nearly 5%. Traditionally, we see a rise in pending sales from January to May or June, followed by a gradual decline through the end of the year. In 2023 and 2024, the market peak for pending was earlier than we have seen historically, with April being the peak pending month (so far for 2024). 

We might expect the number of active listings to continue increasing over the next one to two months, with the peak of active listings in August or September possibly reaching 10,000. Ultimately, what we are likely seeing is a shift in the market toward a more balanced or buyer-friendly market—assuming mortgage rates remain at current…

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