Denver metro home prices climb again in March as days on market drop

The spring real estate market in metro Denver shows signs of growth as new and active listings increase. Buyers are snapping up properties faster and paying more than a year ago.

“As we head into the warmer months, sellers have resigned themselves to the elevated interest rates and have begun to take the golden handcuffs off,”The report includes data for Adams, Arapahoe, Boulder, Broomfield, Clear Creek, Denver, Douglas, Elbert, Gilpin, Jefferson, and Park counties. The median close price rose 3 percent from $575,000 in February to $595,000 in March, up nearly 5 percent from last year’s $567,250.

Pending sales increased 32 percent from 3,272 to 4,317 properties, a 7.47 percent gain year over year from last March’s 4,017. Closed sales increased 13 percent from 3,097 to 3,512, but that number dropped 13 percent from the 4,054 closed sales in March 2023. The association said most closed transactions in March were likely written in February.Colorado mountain town is No.

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Denver real estate: Listings are up as condo buyers feel 'pinched' in the marketJeff is a digital journalist with the Denver7 team.
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