Monthly Market Updates
March 2025 marked a milestone: five years from when COVID-19 began impacting our lives tremendously. This was felt throughout real estate in many ways: affecting how we live, new and retrofitted work-from-home spaces, even introducing new location criteria to home searches. This period also marked a notable surge in real estate appreciation, which lasted two years. We’re finally now seeing a return to a balanced market.
The Denver Post reports that between March 2020 and April 2022, “median home and condo prices in metro Denver raced 38.5% higher, an unprecedented surge, to a peak of $616,500. Low mortgage rates and remote work arrangements fueled demand and pushed the supply of available homes to historic lows.”
But, as we return to a balanced market, the real estate in the Denver metro area is in full bloom, presenting prime opportunities for both buyers and sellers. According to the latest report from the Denver Metro Association of Realtors (DMAR), buyer activity has picked up, and well-prepared homes are drawing strong interest.
“The good news for buyers in this current market is that the pricing rebalance has allowed the drastic value jump to even out,” says Amanda Snitker, Chair of the DMAR Market Trends Committee. “Mortgage rates remain impactful on affordability; however, the increase in supply has provided more options to choose from and increased negotiating options with sellers.”
The median home price in March was $599,000, slightly below the 2022 peak, but up 0.67% over last year and maintaining a solid 6.9% annual appreciation over the past five years—demonstrating the long-term value of Denver real estate. With 9,764 active listings at the end of March – up 14.15% over last month – buyers now have nearly eight times the options compared to just three years ago, according to The Denver Post.
Sellers, too, have reason to celebrate. Realtor.com’s annual analysis names the week of April 13-19 as the best time to sell in 2025, with peak buyer demand and optimal pricing conditions. Homes that are well-maintained, thoughtfully staged, and competitively priced continue to move quickly. The median days in MLS for detached and attached residential homes decreased by more than 37% over last month, coming in at 18 for March.
For those considering a move, the spring market presents a win-win scenario. With more inventory, steady appreciation, and the potential for favorable negotiations, this spring is shaping up to be a great time to buy or sell in Denver.
