Front Range Real Estate Market Update, March 6, 2025

The big news in February was that inventory was way up compared to February 2024, while closings were down. Seventy percent more detached homes were for sale at the end of last month than a year before, while 55% more attached homes were on the market. Closings were down more than 14% year-over-year. Still, prices rose last month compared to February 2024.

Our local market in February:

Residential – Detached and Attached Homes

Average Closed Price: $702,011
+2.45% month-over-month
+3.93% year-over-year

Median Closed Price: $599,990
+4.35% month-over-month
+4.35% year-over-year

Active Listings at the End of the Month: 8,554
+11.26% month-over-month
+55.22% year-over-year

Closed Homes: 2,573
+8.52% month-over-month
-14.04% year-over-year

Average Days in MLS: 55
-9.84% month-over-month
+19.57% year-over-year