Front Range Real Estate Market Update, May 8, 2025

The number of homes for sale in our area has climbed more than 71% in one year.

Rising inventory is keeping prices in check, but they’re still rising. Back in February, the average price for a home that sold in our area was $702,011. Last month, it was $722,790 – not as high as April 2024, when the average price was $729,900 but still up 3.56% over March.

The attached home segment is softer than detached. Prices have dropped compared to last year, and sales volume is down significantly. With more homes on the market, buyers have more to choose from and sellers are feeling pressure to price well. 

Homes are still selling, but they’re taking longer than last year to go under contract.

Our local market in April:

Residential – Detached and Attached Homes

Average Closed Price: $722,790
+3.56% month-over-month
-0.70% year-over-year

Median Closed Price: $607,000
+1.51% month-over-month
+0.83% year-over-year

Active Listings at the End of the Month: 11,964
+22.53% month-over-month
+71.16% year-over-year

Closed Homes: 3,883
+4.63% month-over-month
-2.90% year-over-year

Average Days in MLS: 37
-21.28% month-over-month
+23.33% year-over-year