Denver Metro Market Update – April 2025: A Spring Shift in Pace

As we closed out April, the Denver Metro real estate market showed signs of shifting momentum. After a more active March, pending sales slowed slightly, suggesting that buyer urgency may have peaked early this spring. While inventory continued to build, homes that hit the market earlier in the season helped drive strong closed sales numbers for April.

Market Overview April 2025:

Median Sale Price: Increased to $607,000, up from $598,000 in March and $602,000 in April 2024.
Average Sale Price: Rose to $722,790, a 3.56% increase from March but slightly below April 2024’s $727,900.
Sales Volume: Totaled $2.81 billion, up 8.36% month-over-month but still 3.58% below last year.
Closed Listings: 3,883 homes closed in April, a 4.63% increase over March, though down 2.9% from a year ago

Current Market Conditions:

Days on Market (Average): Homes averaged 37 days in the MLS, 10 days faster than March but 7 days longer than last year.
Days on Market (Median): Fell to 13 days, down from 17 in March but up from 8 in April 2024.
Close-Price-to-List-Price Ratio: Improved slightly to 99.33%, up from 99.27% in March.

Insights on Buyer and Seller Behavior:

This April felt like typical Colorado spring weather—sunny one day and snowy the next—and the real estate market followed suit. Some homes received multiple offers within days, while others lingered without showings. Higher inventory levels gave buyers more to choose from and more leverage to be selective. Meanwhile, sellers faced a more competitive environment that rewarded homes priced right and presented well.

For Buyers:
There’s opportunity in the current market, especially for those looking during this moment of slower buyer activity. With inventory at a 14-year high and homes spending more time on the market, buyers have room to negotiate and be thoughtful in their decision-making.

For Sellers:
Strategy matters more than ever. The median sales price and close-price ratios show strength, but not every home is selling quickly. Sellers who are proactive with pricing, presentation, and repairs will continue to attract serious offers—even in a more discerning market.

Looking Ahead:
Whether April’s dip in pending sales was a seasonal fluctuation or an early peak remains to be seen. What’s clear is that tailored strategies and clear communication will be key to navigating this nuanced market. Every property and client situation is unique, and adaptability is the name of the game.

Need Guidance?
If you’re considering a move or just want to understand how today’s numbers affect your home plans, I’m here to help you navigate your options with clarity and confidence.

Contact Me:
LaDawn Sperling, Real Estate Professional
303.710.5817 | ladawn.sperling@cbrealty.com