April 2025 | Market Update

April 2025 | Northern Colorado, The Market at a Glance

Written by MCM Collective | Luxury. Legacy. Investment.

In Perspective

Happy May! We’re excited to see the trees leaving out, the flowers blooming and the possibility that we’re past snow in Northern Colorado and along the Front Range. The real estate market is fresh off another month of sales; here’s the breakdown.  Sales Keep Pace: Across the region, home sales have kept the pace of that we experience April 2024: Fort Collins is up 4%, Berthoud up 69%, Longmont up 4%, Denver down 4%; Timnath, seeing less new construction this year versus last year saw a 17% decease in units sold. Despite news headlines, the market is on pace to be similar to last year in terms of number of homes sold. Prices Increase: Also bucking headline news, we are seeing price increases: Timnath is up 9% year over year in April (2% for Q1), Loveland is up 5%, Evergreen up 9%. Windsor is the only city seeing a decrease at 2% with a large amount of new construction homes on the market that are seeing large incentives tacked on to sales price from builders.  Inventory & Months of Supply Increasing: Buyers are seeing more choices on the market with inventory levels increasing: the number of homes for sale is up 73% in Estes Park, 36% in Boulder and 31% in Fort Collins; the market is generally absorbing the new inventory with months of supply well below a balanced mark of 6 months in most markets, the exceptions being Estes Park at 5.7 months of inventory, and 5.13 in Boulder; Fort Collins is 2.3 months, nearly matching where it was last year. Luxury Market Strength: Looking at the luxury markets, higher end sales continue to be a source of strength for the market. For instance, Timnath sold 67% more luxury homes this April than it did last year; it reduced months of supply versus last April by 45%. Similarly, the luxury market in Fort Collins (top 5% of the market) months of inventory declined by 9% and the average luxury home sales price increased by 13% to $1,624,400 in April 2025, with the highest closing price being $3,000,000. Loveland saw a regional record sale at $6,175,000 in April. What we’re watching next: We’re watching a number of things currently: jobs numbers (which showed a healthy increase in the numbers released today) which have a direct impact on buyers who can afford to purchase, the potential permanency of any trade tariffs which impacts the price for home renovation and new construction, interest rate stability as stable or declining mortgage interest rates cause buyer demand, and stock market stability which can affect sentiment in other larger purchases like homes. From what we can assess today, the market across the region looks healthy and is a source of stability for our buyers and sellers. Looking at your particular situation and comparing it to the overall market is our speciality; feel free to contact us. 

Volume Steady, Confidence Up: Sales Activity Reflects Market Maturity

Contrary to national narratives of housing slowdown, Northern Colorado is maintaining strong transactional velocity, reflecting confidence among both buyers and sellers.

• Fort Collins, the region’s cultural and academic hub, posted a 4% increase in home sales YoY, reinforcing its position as a bellwether for stability.

• Berthoud surged 69% in volume, a striking jump underscoring its emergence as a high-opportunity market for investors and developers.

• Longmont posted a 2% increase, suggesting continued draw from Boulder overflow and hybrid commuters.

• Timnath, while down 17% in sales, saw this decline rooted in a deceleration of new construction completions, not buyer interest—highlighting the supply-constrained nature of its upper-tier inventory.

• Denver experienced a 4% decline, perhaps reflecting more acute interest-rate sensitivity in a high-price, high-density environment.

📍 Strategic Viewpoint: This market is not overleveraged. It is discerning. The buyers are real, qualified, and more motivated by long-term value than short-term speculation.

Home Values Rise—Measured but Meaningful

Price appreciation remains consistent across much of the region—suggesting that Northern Colorado is not just weathering the broader national slowdown, but outperforming it.

• Timnath’s single-family ASP rose 9% YoY, and 2% for Q1 overall—marking it as one of the highest-performing luxury zip codes in the state.

• Evergreen saw a similar 9% increase, further affirming its role as a destination for multigenerational buyers and Denver retirees seeking acreage and altitude.

• Loveland is up 5%, cementing its appeal to both locals and out-of-market investors who seek value and scale.

• The only city to register a dip in ASP was Windsor (-2%), largely attributed to new construction incentives and builder pricing strategies, not depreciation in value.

📍 Investment Signal: For builders, this is a pricing environment that rewards quality and timing. For buyers, it’s a moment to secure assets before price acceleration resumes in earnest.

Inventory Is Expanding—But Conditions Remain Far From Oversupply

April marked a turning point in inventory recovery, offering buyers increased optionality without tipping the market into imbalance.

• Fort Collins inventory is up 31% YoY, yet its months of supply remains at 2.3, only marginally higher than 2024, indicating consistent absorption.

• Berthoud and Timnath now offer 4.4 and 4.5 months of supply, respectively—hovering near equilibrium, ideal for buyers and sellers looking to negotiate with data-driven expectations.

• Loveland sits at 2.7 months, still squarely favoring sellers.

• Estes Park (5.7) and Boulder (5.3) are the only markets trending toward buyer-favorable levels, largely due to increased listings in the luxury tier and seasonal patterns in second-home buying.

📍 Builder & Developer Note: This is the time to recalibrate release schedules—not pull back entirely. Projects entering the market in late 2025 or early 2026 may benefit from the window this inventory growth provides, especially with stabilized rates in the backdrop.

Market Watch: Forces We’re Tracking Closely

The headlines rarely capture the nuance, but we do. The following macro and regional indicators are top of mind as we guide our clients this quarter:

• Employment & wage growth: Job numbers remain strong in Colorado, and wage gains are supporting buying power—particularly in tech, energy, and healthcare corridors.

• Tariff and trade policy: Proposed tariffs on construction materials may raise costs for remodels and new builds—potentially accelerating purchases of move-in-ready inventory.

• Interest rate outlook: While rate cuts may not materialize in the near term, stability alone has reintroduced predictability—giving buyers confidence in their purchase horizon.

• Public equities & private wealth flows: The current strength of the markets supports high-end buying activity, with many cash and equity-funded purchases fueling the luxury segment.

Strategic Guidance in an Intelligent Market

This is not a market for reaction. It is a market for response—a moment that rewards informed strategy over emotional decision-making.

For investors, builders, and legacy buyers, Northern Colorado represents a distinct opportunity: a region where lifestyle meets liquidity, where scale and scarcity coexist, and where strong local economies are paired with design-forward, generational housing products.

The key is knowing where to look—and how to act.

We remain your partners in navigating not just the transactions, but the trends shaping the next decade of real estate in the Mountain West.