March '25 by the numbers....

[Kenny Smith]

🏡 Here is a breakdown of how March ‘25 shaked out in Denver metro....

✅ Total Actives - 9,432, UP 48% year over year

✅ New Listings - 6,094, UP 26% year over year

✅ Pendings - 4,479, UP 11% year over year

✅ Median Days on Market - 18, UP 63% year over year

✅ Median Home Price - $587,850, FLAT year over year

Eye opening stats when you compare this month/quarter to last year at this time 👀

Actives are up a tremendous amount YOY, which gives buyers a lot of options compared to last year.

Yes, pendings are up slightly (likely more buyers in the market), but not as much to make a big impact in the market especially given how many active homes are for sale.

Median days on market are up quite a bit YOY which tells me buyers are really taking their time compared to last year.

Lastly, median home price is flat which also tells me buyers are only going after the homes in which they can get the best deal, and they certainly have that luxury given the amount of active homes for sale....💰