The market today is not a version of what once was; it's a new ecosystem entirely, according to the Denver Metro Association of Realtors. Interest rates, inventory and buyer behavior have shifted, but instead of chasing the nostalgia of 2019 or the frenzy of 2021, it's time to ask, what does success look like right now?
The Denver Metro market has been steadily redefining its baseline. Prices have stabilized, sellers are adjusting expectations and buyers-though more cautious-are still highly motivated when the numbers make sense. In other words, the market hasn't collapsed or exploded. It's recalibrated. This is the "new normal," and it's one that rewards adaptabil-ity, realism and strategy over speculation.
The environment remains challenging for sellers. The end-of-month inventory in October increased by 14.21 percent year-over-year, despite a 4.60 percent decrease in new listings entering the market from October 2024, continuing the pattern of new listings outpacing buyer demand. Homes were on the market for a slightly shorter period month-over-month, with a median of 31 days for detached homes and 41 for attached homes. Both attached and detached homes sold within 98 percent of the list price. The number of homes sold through October was 36,053, just 152 fewer homes, 0.42 percent, than the same point in 2024. The total new inventory that has entered the market year-to-date has increased 7.87 percent year-over-year.
The year-over-year median sale price remained flat for detached homes and decreased by 2.95 percent for attached homes in October. The recalibration of home prices has been occurring, not with a steep decline, but with a gradual shift in balance. The Denver Metro Area experienced a 38.50 percent increase in median home prices from March 2020 to April 2022, representing an average annual growth rate of 19.25 percent. From March 2020 to October 2025, the median sale price increase was 33.71 percent, representing an average annual growth rate of 6.74 percent. The rebalance positions the median sale price within the historical trend range.
For buyers, this moderation in price growth creates a rare window of opportunity. With values settling into a sustainable range and less competition at the offer table, buyers can once again focus on finding homes that align with their long-term goals, rather than rushing to win a bidding war. The current environment allows for more negotiation pow-er, greater flexibility in inspections, and the ability to make decisions based on value, rather than a fear of missing out.
The Denver market has, in many ways, hit its "reset button." We're not witnessing volatility, we're seeing normalization.
For real estate professionals, this means grounding our strategies in data and confidence, rather than relying on headlines or memories of the past. Sellers must recognize that realism sells, while buyers who act decisively can secure homes under far more rational conditions than in recent years. October's numbers remind us: this isn't a waiting game-it's a moment to participate in a more balanced, sustainable market. We are experiencing the next chapter of Denver real estate.
Learn more about the market from the Denver Metro Association of Realtors.
Keep reading for a price breakdown from West + Main Agent and Market Trends Committee Member, Michelle Schwinghammer.
Thank you to our partners at the Denver Metro Association of Realtors for compiling this information.
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