Market Update: April

Mountain-Metro/ Foothills Real Estate Trend Update: Continued Growth and Shifts in Market Dynamics

The Colorado Foothills real estate market continues to experience significant changes as we move into April 2025. Inventory levels have surged, with active listings increasing by 60.2% for single-family homes and 74.8% for townhouse-condo properties compared to the same period last year. This rise in inventory is accompanied by a notable increase in new listings, up by 29.6% for single-family homes and 17.4% for townhouse-condo properties.

Sales activity remains somewhat robust, with sold listings up by 4.5% for single-family homes and 2.2% for townhouse-condo properties. However, since new listings are outpacing sales and inventory is growing, the market is seeing mixed trends in pricing. The median sales price for single-family homes has increased by 1.1% to $700,000 in the general foothills market. However, when looking at Evergreen-Conifer specifically, the median sales price has decreased by 19.4% to $904,500, and the average sales price has dropped by 13.7% to just over $1 million. This is a significant shift for this local market.

Days on market have increased significantly, with single-family homes taking 18.5% longer to sell and townhouse-condo properties taking 35.5% longer. This trend is likely heavily affected by the difficulty in finding homeowners insurance for these properties, as many condo HOAs are not able to renew building insurance, which now has to be covered individually by each owner. The overall trend indicates a slowing pace in the market, possibly due to the increased inventory and more cautious buyer behavior.

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