Colorado’s real estate market is exhibiting signs of transition, characterized by increased inventory, modest price adjustments, and varied regional dynamics. Here’s a comprehensive overview:
🏡 Statewide Market Overview
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Median Home Price: In April 2025, the median home price in Colorado was $623,400, reflecting a slight 0.77% decrease compared to the previous year.
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Average Home Value: The average home value stood at $561,462, down 0.5% over the past year.
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Sales Volume: Approximately 6,958 homes were sold in April 2025, marking a 1.4% increase year-over-year.
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Days on Market: Homes spent a median of 31 days on the market, an increase of 5 days compared to April 2024.
📦 Inventory and Market Supply
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Active Listings: As of April 30, 2025, there were 27,459 homes listed for sale in Colorado, with 9,689 new listings added that month.
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Inventory Growth: Statewide, active housing listings jumped 33% year-over-year, indicating a significant increase in available properties.
🌆 Regional Highlights
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Denver Metro Area: The median home price rose to $632,500 in April 2025, a 1.2% increase from the previous month. Active listings in the area were up 37% compared to the same time last year.
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Colorado Springs: The median home price remained steady at $490,000, unchanged from April 2024. The number of active listings increased by 48%, reaching 3,117 homes, providing buyers with more options.
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Castle Rock: Known for its scenic landscape and proximity to major cities, Castle Rock has become one of the most expensive retirement destinations in the U.S., with median home prices in Douglas County reaching $674,000.
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Mountain Towns (Summit, Park, and Lake Counties): These areas experienced a 10.4% increase in median home prices, with listings up 47% and sales up 11% compared to the previous year.
🔮 Market Outlook
The Colorado housing market is showing signs of stabilization, with increased inventory providing buyers with more choices and potentially moderating price growth. However, affordability remains a concern due to high mortgage rates and elevated home prices. Buyers and sellers should stay informed about regional trends and economic indicators to navigate the evolving market landscape effectively.