Denver's median hit $605K in April and days-on-market dropped to 13 — this is not a soft market

People keep asking me if Denver is cooling off. My honest answer: not in the segment that matters most right now. The DMAR April data just dropped and the numbers tell a clear story — median resale price is at $605K, up 2.5% in a single month, and single-family homes are sitting at a $670K median. Days on market in the metro fell to 13. That is not a market pausing to catch its breath. Here is the thing most people are missing: a lot of the hesitation I hear from buyers is based on a market that no longer exists. They are waiting for a retreat that the data does not support, especially in the single-family space. Meanwhile, sellers sitting on sub-4% mortgages are staying put, which is keeping inventory tight and giving well-priced listings real pricing power. The combination of constrained supply and compressed days on market is doing the work that rate drops haven't. 'The buyers waiting for Denver to soften are essentially funding the equity gains of the buyers who didn't wait.' If you closed on a Denver single-family home in the last 90 days, I would genuinely love to know — did it feel competitive on your block, or did your neighborhood feel like an outlier? — Tammy Morran | The HomeBridge Group @ eXp Realty