February 2025 Denver Real Estate Market Stats: What Buyers and Sellers Need to Know

The Denver real estate market is always changing, and staying informed can help you make smarter decisions—whether you're buying, selling, or just keeping an eye on trends. The latest February 2025 stats are in, and they paint an interesting picture: home prices are up, inventory is growing, and buyers are staying active.

Let’s break it down in a way that actually makes sense—no confusing jargon, just the key takeaways you need to know.

1. Home Prices Are on the Rise

Great news for homeowners! The median price for detached homes has increased by 2.2% compared to last year, now standing at $640,000. This means that if you sold your home today, you'd likely get a bit more than you would have a year ago.

2. More Homes Hitting the Market

We've seen a 13.7% increase in new listings this February compared to last year, with 3,237 new homes available. This is fantastic news for buyers, as there's a wider selection to choose from.

3. Pending Sales Are Up

The number of homes under contract has risen by 12.6%, totaling 2,507 pending sales. This indicates that buyers are actively making offers and moving forward with purchases.

4. Slight Dip in Closed Sales

There has been a 7.5% decrease in closed sales, with 1,948 homes sold this February. This slight drop could be due to various factors, including the time it takes to close deals or seasonal market fluctuations.

5. Homes Are Staying on the Market a Bit Longer

The median days a home stays on the market before going under contract has increased to 31 days, up from 24 days last year. So, sellers might need to exercise a bit more patience, but rest assured, homes are still selling.

6. Inventory Levels Are Growing

We've got about 12.9 weeks of inventory available now, compared to 7.4 weeks last year. This means that if no new homes were listed, it would take nearly 13 weeks to sell all current listings. A higher inventory gives buyers more options and can lead to a more balanced market.

What Does This Mean for You?

• Buyers: With more homes on the market and properties staying available a bit longer, you have a better chance of finding your dream home without rushing.

• Sellers: While homes are taking slightly longer to sell, prices are still appreciating. Pricing your home competitively and working with a knowledgeable real estate agent can help ensure a successful sale.

Overall, Denver's real estate market remains dynamic and full of opportunities. Whether you're buying, selling, or just staying informed, it's always a good idea to keep an eye on these trends. If you have any questions or need personalized advice, don't hesitate to reach out. Happy house hunting!

– The Tucker Team