Greater Metro Denver Market Update – March 2025
As we head into spring, the Denver housing market is showing signs of momentum. Whether you’re considering buying, selling, or investing, understanding market trends can help you make informed decisions. At Corken + Company, we keep our clients ahead of the curve. Here’s a look at the latest real estate trends shaping the Greater Metro Denver market in March 2025.
Home Prices: A Steady Climb
• Single-family homes: The average price rose to $767,887, marking a 2.9% increase year over year.
• Median single-family price: Now at $640,000, up 1.9% YoY.
• Condos/townhomes: The average price dipped slightly to $449,405, down 2.9% YoY.
• Median condo/townhome price: Holding steady at $399,945, unchanged from last year.
Market Activity: A More Balanced Landscape
The Denver market continues to normalize, providing more opportunities for buyers while still offering strong returns for sellers.
• Pending sales: 3,359 homes went under contract in February—up 4.0% YoY and a 14.6% jump from January.
• New listings: 4,480 new homes hit the market, a 9.6% increase from last year, giving buyers more choices.
• Active listings: Inventory levels climbed to 8,080 homes, a 43.1% increase YoY, signaling a shift toward a more balanced market.
Homes Taking Longer to Sell
• Days on Market: The average home is now sitting for 55 days before selling, up 19.6% YoY.
• Showings per Listing: On average, homes are seeing 6.4 showings before selling, lower than last year’s 8.0 showings per listing.
• Showings to Pending: It now takes about 16.6 showings for a home to go under contract—consistent with last year’s trends.
What This Means for Buyers & Sellers
• For Buyers: The market is shifting in your favor with more inventory, giving you greater negotiating power and less competition than in 2024.
• For Sellers: While prices are still holding strong, homes are taking longer to sell. Strategic pricing and expert marketing are crucial for a successful sale.
Looking Ahead
With inventory levels rising and buyer activity increasing, we anticipate a competitive yet balance
