Real Estate Spring is in Swing

February brought a surge of new listings, as is typical for this time of year. The seasonal nature of our market is predictable—spring is for buying and selling, while summer shifts focus to vacations and outdoor activities. This year is no different, with February showing strong signs of an active market ahead.

One of the strongest indicators of a busy spring is the rise in new listings, up 11.17% month-over-month and 13.81% year-over-year. For the past two years, new listings have remained low as homeowners held onto their historically low mortgage rates. However, as time passes, life changes are beginning to outweigh financial hesitations, prompting more homeowners to list.

Pending sales also saw an increase year-over-year, up 2.48% for attached homes and 11.68% for detached homes. The rise in attached home sales is especially notable after this segment lagged in 2024 due to increasing HOA fees and insurance costs. Buyers are adjusting to a market where interest rates are expected to remain elevated, though February’s economic data led to a slight decline in mortgage rates, with the 30-year fixed ending the month at 6.79%.

Another key sign of a heating spring market—homes are selling faster. Detached homes spent a median of 27 days on the MLS, down 37.21% month-over-month, compared to 43 days in January. Attached homes also saw a month-over-month decline of 12.5% in market time, from 48 days in January to 42 in February. 

Altogether, the data points to an increasingly active market—more listings, more buyers, and quicker sales. While conditions remain favorable for sellers, buyers are also benefiting from increased inventory and a slight reprieve in mortgage rates. As we move further into spring, demand is expected to remain strong, keeping competition steady, particularly for move-in-ready homes.

For Sellers

With higher inventory, the basics continue to hold strong—homes that are well-priced, updated, and well-maintained attract the most interest and sell quickly. Homes in less desirable condition or priced too high will take longer to sell and may require price reductions to reach the right buyer pool. Turnkey properties remain in highest demand, as many buyers prefer move-in-ready homes over those needing renovations due to lack of cash for updates. 

For Buyers

This time of year typically offers the best selection of homes, and buyers are overwhelmingly seeking move-in ready properties. Multiple offers have returned, particularly for the most desirable homes, though competition isn’t at the frenzy of the pandemic years. Detached homes remain in a seller’s market with 2.86 months of inventory, so buyers may need to be prepared to act quickly on the right home. 

We are here for you!

Spring has arrived in Denver real estate, bringing more listings, stronger buyer activity, and faster-moving homes. While interest rates remain a consideration, they are no longer the primary factor keeping homeowners in place. Buyers and sellers are adjusting to today’s market, prioritizing life changes over waiting for the perfect financial moment. With increased options for buyers and an opportunity for sellers to capitalize on peak season demand, now is a great time to take action. If you’re considering buying or selling this spring, let’s connect and make a plan that works for you!

*We use reasonable efforts to include accurate and up-to-date information. The real estate market changes often. We make no guarantees of future real estate performance and assume no liability for any errors of omission in the content.