denver housing market heats up for another spring selling season
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By Bernadette Berdychowski | Published on March 5, 2025
Spring, the busiest season for the Denver metro housing market, is budding again.
Sellers are listing more homes on the market. Buyer activity is picking up. And prices are higher.
Most homes in the region sold for more than $599,990 in February, according to the Denver Metro Association of Realtors monthly report released Tuesday.
While this year the market is expected to perform similarly to last year, the report said one differentiator is arising: more clarity.
Last year, buyers and sellers were patiently watching if, when and how much interest rates would drop. This year, there’s fewer expectations that interest rates will soften.
“As time has gone on, the conversation has evolved from when rates will decline to navigating a market with high interest rates for the foreseeable future,” said Amanda Snitker, Chair of the DMAR Market Trends Committee, in the report.
Interest rates are still a major calculation for buyers, she explained, but it’s not the only consideration.
“As time passes, lives evolve and the low interest rate carries less weight when considering staying in a home that no longer meets their needs,” Snitker said.
There were 4,828 new listings in the 11-county metro Denver area region in February, up nearly 14% from February 2024.
Active listings surged from 2024, with more than 8,500 options on the market — or 55% more than the same time last year.
Buying picked up as there were more than 2,500 closed sales last month, about 200 more than in January. It’s still sluggish compared to last year with sales activity down 17%.
Homes are sitting on the market for a shorter time. Most homes sat on the market for at least 29 days, much faster than the 45 days in January, but slower than last year at 23 days.