April 2025 - Real Estate Update for Greater Metro Denver
Inventory Soars: Metro Denver Market Sees 59% Increase in Active Listings
The Greater Metro Denver housing market continued to experience a significant surge in active listings, with a 59% year-over-year increase. This growth is evident across both single-family homes, which rose by 53%, and condo/townhome listings, which saw a substantial 70% increase. The most notable growth in active listings is within the $0 to $499,999 price range, where listings increased by 75% compared to the previous year.
Supply - Active Listings
11,256 Active Listings up 59% Year Over Year
Demand - Pending Sales
4,350 Pending Sales up 5% Year Over Year
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.
Implications for Buyers
More Options: With a surge in active listings, buyers have a wider selection of homes to choose from.
Potential Negotiation Power: The increase in days on the market YoY suggests homes are taking longer to sell, which may give buyers more room to negotiate on price and terms.
Showing to Pending Was Down: Buyers are seemingly making quicker decisions when viewing a home they like as evidenced by the decrease in average showings to pending.
Implications for Sellers
Increased Competition: The surge in active listings, particularly in the lower price ranges, means some sellers are facing more competition.
Pricing Strategy: With more homes available and a slight increase in pending sales YoY, sellers may need to adjust their pricing strategy to attract buyers.
Time on Market: Properties are taking longer to sell compared to last year, so sellers should be prepared for a potentially longer selling process.
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. Real Estate Services.
