Michael RushReal Estate Broker, Keller Williams Realty DTC · Real Estate Broker at Keller Williams Realty DTC

March 2025 | Colorado Housing Market Update 🏡

16 Mar 2025 · 3 min

Watch on YouTube

2:37

In this March 2025 video, Michael Rush provides a concise market update for the Colorado Front Range, focusing on early‑2025 trends. He reports that Denver’s pending contracts rose 4% YoY and new listings increased 9.6%, expanding the housing supply by 43% and bringing inventory to about 2.3 months, a move toward a more balanced market. Closed sales are still down 13.3% YoY but improved 12.3% from January, while the average days on market lengthened to 55 days, giving buyers more decision time. County‑level snapshots show Colorado Springs/El Paso with 3.7 months of inventory and 63 days on market, Weld County mirroring demand and longer sales cycles, and Boulder/Larimer counties seeing higher inventory and a notable >20% price jump for attached townhomes and condos in Boulder. Rush highlights growing buyer leverage: rate buydowns, seller‑paid closing costs on new construction, and a larger pool of assumable mortgages that can close within 45 days. He ends with a call to action for anyone needing a real‑estate guide across the Front Range.

Chapters

The Denver housing market is picking up steam in early 2025. In February, more people put their homes under contract, up 4% when compared to last year. More sellers are entering the market too, with new listings up 9.6% from last year. This has given buyers significantly more choices, with 43% more homes available than at this time last year. The market now has about a 2.3-month supply of housing, which means we are moving toward a more balanced market compared to the tight seller While more homes are being listed and going under contract, actual closed sales were down 13.3% from last February. The good news is this is still better than January's numbers by 12.3%, showing an upward trend as we approach spring. Homes are taking longer to sell, now averaging 55 days on market, giving buyers more time to make decisions without the pressure we saw over the past 3 to 4 years. Looking at the big picture for early 2025, We are seeing the market finding better balance after the big inventory increases throughout 2024, and buyer interest appears to be growing, as shown by the jump in pending sales from January to February. In Colorado Springs and El Paso County, we saw increases to demand from the previous month and year. We have about 3.7 months of inventory, which has more than doubled from last year, and days on market increased to 63 days. In Weld County, north of Denver, we saw similar increases to demand and to days on market. In Boulder and Larimer Counties, we saw increases to inventory and much of the same from last year on demand and average prices, with the exception of attached townhouses and condos, which shot up in price over 20% from the previous year in Boulder. Overall, across the Colorado Front Range, buyers seem to be having more options and more control. In most cases, we're able to negotiate rate buydowns on resale homes, get fixed rate buydowns and closing costs covered on new construction options, and the assumable mortgage inventory has grown quite a bit, and we're able to get those closed within 45 days. Let me know if you know anyone that needs a real estate guide across the Colorado Front Range.