Denver (KDVR) – The home buyers have much more options for choosing now, with a significant increase in the lists in the market compared to last year.
House prices are relatively stable, according to the April housing report The Denver Metro Foundation for Real Estate BladestersBut the data indicates that buyers may hesitate.
The association said in a press statement very similar to the weather, which brought April different and unpredictable conditions in the housing market.
“The buyer’s activity has risen one week and cool the next day, as the volatile mortgage rates and the broader economic certainty were weighed on consumer morale. Buyers and sellers remained ready to participate, but only when the numbers were logical.
Inventory rises dramatically, and the prices are stable
According to a reportThere are 18.13 % new lists in the market compared to this time last year. The association noted that the stock tends to grow in the spring months; However, the increase from month to month is 8.37 %, and the new lists increased by 10.78 % in April.
Since 1985, the average number of active lists for April in Denver was 13,871, but recent years have been different, with the lowest level ever in the 2,594 list in April 2021.
The association also noticed that the values of home remained relatively stable in the increasing stock. From March to April, the average selling price for separate homes increased by 0.76 %, and the prices of the attached homes increased by 0.55 %. While the prices of separate homes are only 0.68 % from last year, the average price for the attached property decreased by 6.05 %.
Early peak signs in the buyer’s activity
The report said that the buyer’s activity is usually strong in the spring, but this year there are signs of a potential early peak, as suspended lists in April decreased by 2.27 % of March, indicating softening the demand amid changing conditions.
Amanda Sneker, head of the DMAR Market Trends Committee, said in the report that the slowdown, in addition to increasing the new lists, means that real estate is also present in the market. The data indicates that the average number of days spent in the multiple listing service last month was 13, which decreased by 23.53 % of March, but by 62.5 % of this time last year.
“The big question asks: Was the decrease in the month of April in hanging homes, a temporary summit or an early summit in the sale season in the spring? We tried to analyze the market from every corner, according to the postal code, the type of property, and the price point, but the answers remain far -reaching. The broker’s intermediary broker reveals different experiences in all fields in all fields.
What does data mean for sellers and buyers
Snicker said that the current real estate market means that the sellers should be able to compete, and the buyers can be selective, but they must be well acquainted.
“The lists must now receive the interest of the buyer through the studied preparation, the incident prices, and the convincing presentation. The sellers should be advised that the market is able to compete, and buyers weigh their options carefully,” said Sneker. “For buyers, mobility in economic headlines, volatility of interest rates, and changing feelings can be difficult. By helping customers focus on personal goals and financial facts instead of daily market noise, real estate specialists can provide valuable clarity.
Dipasquale added that buyers show an increase in discrimination.
“Some homes continue to attract multiple shows, while others sit with a little activity. There is no evaluation that suits everything to the market, and this is good,” said Dipasquale.
April 2025 Data of the Housing Market direction
Below is a look at some data in the report:
- Average closing price: $ 607,000
- Closed houses: 3,883
- Sales volume: $ 2.81 billion
- Decisive inventory: 3.08 months
- Medium days in the multiple listing service: 13 days
- Active Lists: 11,964
- New Lists: 7,062
- Hanging sales: 4,349
The report includes market activity throughout the Denver Metro area with data from Recolorado. More data and information can be found in Full report online.