April 2025 Denver Real Estate Market
Just as spring rain is dampening the arrival of summer heat, high mortgage rates are constraining the home sales rates in the April 2025 Denver Real Estate market.
Active listings
While affordability concerns persist, sellers and buyers alike are stepping up their activity as we move deeper into the busy season. March continued the trends we saw earlier in the year, with gains in inventory and steady pricing.
Active Inventory
Active inventory continued their march higher. Active listings were 70% higher in April 2025 than in 2024. Buyers have plenty of options and sellers have significant competition. This is leading to lower prices, concessions, and longer periods on the market.
Average Price
The average closed price in April 2025 was $722,790, a slight decrease below last year’s average price. While Denver continues to shift towards a buyer’s market, prices remain at a standstill.
Days on Market
Homes sold in an average of 47 days in the month of April. Similar to last month (March 2025), this was a 23% increase over last year. Normally, the spring flurry of buying activity translates to shorter times on the market. With sustained interest rates, buyers are taking their time.
Percent of Closed Price to List Price
Sellers that price fairly and competitively are receiving the most buyer interest. The Denver real estate market, by-and-large, is pricing accordingly. In April 2025, homes sold, on average, fairly close (99.3%) to list price.
Market Outlook
As we move further into the high season, we’ll be watching inventory growth and buyer activity closely. The Denver real estate market is both competitive and cautious. If you’re looking to make a move this spring, understanding these metrics is key to crafting a winning strategy. Reach out to the CJV Real Estate team today to get started today.