April 10, 2025

The South Metro Denver housing market experienced a strong spring resurgence in April 2024, with rising home prices, expanding inventory, and steady sales activity. According to the latest April 2024 SMDRA report (South Metro Denver REALTOR® Association), market momentum is building just in time for peak buying season.

April 2024 South Metro Denver Real Estate Market Highlights

New Listings:

• Jumped 26.8% year-over-year, with 5,771 homes listed compared to 4,552 in April 2023.

• This major increase signals strong seller confidence and offers more options for buyers.

Pending Sales:

• Rose 4.6%, reflecting ongoing strong buyer demand.

Closed Listings:

• Stayed virtually identical to last year, with 3,635 closings versus 3,634 in April 2023.

Median Home Price:

• Increased 4.5% year-over-year to $601,110, compared to $575,000 in April 2023.

Median Days in MLS:

• Held steady at 8 days, confirming that well-priced homes continue to sell quickly.

Weeks of Inventory:

• Increased to 8.5 weeks, up from 5.1 weeks a year ago, giving buyers a bit more negotiating room.

What April’s South Metro Denver Housing Data Means for Buyers and Sellers

For Buyers:
The increase in inventory is good news, offering more choices and slightly easing the competitive pressure seen earlier in 2024. Although home prices have climbed, the quick pace of sales shows that demand remains strong. Buyers should stay prepared with financing pre-approvals and act quickly on desirable properties.

For Sellers:
The combination of rising prices and strong buyer activity creates a prime opportunity to sell. However, with more listings hitting the market, pricing your home competitively and ensuring it shows well will be key to securing top offers.

Ready to Navigate the South Metro Denver Real Estate Market?

Whether you’re buying, selling, or just exploring your options in Greenwood Village, Cherry Hills Village, Cherry Creek, Wash Park, Platt Park, Centennial, Lone Tree, Highlands Ranch, Castle Pines or Parker, now is the time to reassess your real estate strategy based on the latest Denver real estate market trends.

👉 Curious about your home’s current market value?
Get a free, personalized home valuation today at mitchlazar.com/free-home-valuation.

📞 Ready to talk?
Call Mitch Lazar at (720) 507-4448 or email [email protected] for a complimentary real estate consultation.

Need Help Buying or Selling a Home?

The real estate market may seem complicated, but with the right agent, you’ll be well-prepared every step of the way. If you’re ready to start your real estate journey, contact us today. We’re here to help you achieve your buying or selling goals with confidence!

If you’re thinking about making a move—or just curious about your home’s current market value— get a free home valuation here.

Whether you’re ready to take the next step or just exploring your options, I’m always happy to help. For a complimentary real estate consultation, visit MitchLazar.com to book an appointment or feel free to call me at (720) 507-4448 or email [email protected].