The Greater Metro Denver housing market saw a sharp increase in active listings, up 59% year-over-year. This growth spans both single-family homes, which rose 53%, and condo/townhomes, which jumped 70%. The most significant inventory gains were in the $0–$499,999 price range, where listings surged 75% from last year. Inventory growth was especially concentrated in the lower and mid-price tiers. Listings priced between $500,000 and $999,999 rose 57%, while those in the $1 million to $1.99 million range increased 48%. The $2 million-plus segment saw a more modest 21% uptick. Despite this surge in supply, buyer activity remained relatively flat, with pending sales up just 5% year-over-year. Homes are also taking longer to sell, with the average days on market rising 20% to 36 days—indicating a slower pace in a market with expanding inventory.

Supply - Active Listings

In April, active supply was up 17.1% month-over-month and remained elevated when compared to April 2024, which saw 7,093 active listings.

New Listings

April saw 6,772 new properties enter the market. This data point increased 10.6% when compared to last month, which saw 6,121 new listings. Last year at this time we saw 5,707 new listings.

Demand - Pending Sales

Demand, a snapshot of new pending sales, decreased by 3.2% when compared to last month. Last year at this time we saw 4,152 pending sales.

Percent of Closed Price to List Price

This data point was equal to last month. Last year at this time we saw 99.7%.

Average Days in MLS

April saw the number of days on the market at 36 days, on average. Last month saw 47 days and last year at this time saw 30 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