As we head into peak buying and selling season, we’re taking a closer look at the latest data to share where the Colorado housing market stands today. The Colorado housing market is transitioning into a more balanced phase – one with more inventory and opportunity, but continued price stability and steady demand.
Colorado Residential Housing Market
The median sales price for residential listings on IRES MLS and REcolorado reached $628,125 in April, which is essentially flat year-over-year and is within 3.5% of the 2022 peak ($650,000 in April 2022). In other words, despite shifting conditions, home values have remained resilient.
At the same time, inventory continues to rise. There were 12,524 active listings in April, which is up 11% compared to March. This increase is giving buyers more options and signals a shift away from the highly constrained, seller-driven market of recent years.
In addition, new listings are up 0.2% through April, properties under contract are up 7.3% and sold count is up 2.2% compared to the same period last year.
Seasonal Housing Market
We’re also seeing clear signs of seasonal momentum. Days on market has steadily improved – from 65 days in January to 30 in March and down further to 25 in April. This is an important signal: buyer demand hasn’t disappeared. Instead, buyers are re-engaging as more inventory becomes available.
While these statistics are heartening, it’s also important to remember that for sellers to be successful, you must guide them in making strategic financial decisions, including on pricing and concessions to meet buyers where they’re at.
All real estate is local, so we encourage you to explore the latest data for your area in InfoSparks and use these insights to help guide your conversations with buyers and sellers as they prepare to navigate the market.
IRES MLS: Come Home to Colorado 