market reports

Greater Denver Area Real Estate Market Report from September 2025

 
 

September always brings a natural shift in the Denver housing market-not just because of the calendar, but because life changes pace, according to the Denver Metro Association of Realtors.

Summer vacations wind down, kids head back to school and buyers and sellers alike settle into new routines and motivation. This year, the seasonal rhythm aligned with a remarkably steady market. Sales, prices and overall tone through 2025 have followed a consistent path. Still, the close of Q3 signals a moment to recalibrate; interest rates, which have defined so much of the year, are showing early signs of easing.

The seasonality and economic conditions of our market today are micro adjustments compared to a market where we see large swings in demand and prices, as we did during 2020 through 2022. These variations in the market seem uneventful compared to our lingering expectations of the previous market cycle, but they are no less meaningful. The subtle adjustments show a nuanced buyer and a nuanced seller, requiring tenacity, trust and expertise to make the perfect match.

Options continue for buyers; new listings in September increased slightly for both attached and detached homes, by 12.74 percent and 3.87 percent, respectively. The active inventory at month's end was up 17.62 percent year-over-year and 70.17 percent from 2022. This increase in active listings is a result of lower buyer demand, as the total number of new listings that have entered the market through the end of September is up 10.46 percent year-over-year and down 1.75 percent compared to 2022.

Buyers are increasingly opting for detached homes over attached ones. The sales volume for detached homes in September was up 6.55 percent year-over-year, while the attached sales volume decreased by 16.78 percent. Attached homes continue to see challenges in the increased costs of insurance and community maintenance, resulting in higher-than-historically-typical community dues.

Although the market has seen a large number of listing price reductions, the detached home market saw only a small decline in the median sale price in September, 1.79 percent month-over-month, while attached homes experienced a slight increase of 1.17 percent. Year-over-year, however, the median sale price for detached homes increased by 1.33 percent, while the median sale price for attached homes decreased by 3.35 percent. The number of days in the MLS has increased from 30 in August to 35 in September, representing a 16.67 percent increase and a 40.00 percent increase from September 2024. Pricing strategy is the most crucial element for sellers in this market, and as days in the MLS in-crease, determining when to wait for the right buyer and when it's time for a price reduction is a delicate balance.

The stress on buyer demand was eased slightly in September with a 25-basis-point reduction in the federal funds rate.

The anticipation of the rate cut brought the lowest mortgage interest rates we have seen so far in 2025, but it did not prompt a rush of buyers into the market. Whether they are holding out for additional rate cuts or feeling the uncertainty of inflation and employment, buyers remain cautious.

Learn more about the market from the Denver Metro Association of Realtors.

Thank you to our partners at the Denver Metro Association of Realtors for compiling this information.

Related Links

If there is a home that you would like more information about, if you are considering selling a property, or if you have questions about the housing market in your neighborhood, please reach out. We’re here to help.

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Greater Denver Area Real Estate Market Report from August 2025

 
 

The Denver Metro housing market may not be making bold moves right now, but that does not mean the story is simple, according to the DMAR Market Stats Committee.

In fact, 2025 has been defined by a steady, almost stubborn stagnancy. Prices have remained relatively stable for much of the year, with buyer activity mirroring 2024 levels. Although interest rates continue to weigh on affordability, they have not sparked dramatic changes in buyer or seller behavior. On the surface, the market looks quiet-maybe even predictable.

A high-level look at the Denver Metro market in August includes price changes, days in the MLS and inventory lev-els. Price changes throughout the year have been modest, and August reflected this trend with a slight 0.15 percent decrease in median close price for detached homes and a 1.28 percent decrease for attached. Days in the MLS increased by a median of six days for both attached and detached homes.

Inventory, however, is where we see the sharpest contrast. Through the end of August, 45,868 new listings hit the market in 2025, up 10.49 percent year-over-year-yet active listings climbed even more, up 21.77 percent. Despite this, buyer demand has stayed steady, with closed sales nearly identical to 2024 levels.

The bigger divide is between homes that sell quickly and those that linger. Of the properties that closed in August, only 1.12 percent had a price reduction, with a median adjustment of just 2.95 percent. Compare that to current active listings, where 58 percent have reduced their price, with a median drop of 4.52 percent. A significantly larger divide exists for homes that have been on the market for more than 30 days; 74 percent have taken a price cut, with a median change of 4.76 percent. This gap highlights the importance of strategic pricing from the start.

Homes priced appropriately are selling with little or no reduction, while overpricing often leads to extended days on the market and steeper price adjustments. While the median closed prices have stayed relatively stable, sellers continue to push against buyers' price tolerance.

As we enter the fall months, there is little expectation for the market to change as we round out the year. September is a notoriously volatile month for markets, and the anticipation of a Federal Reserve rate cut this month could increase uncertainty regarding the impact on mortgage rates. Factors such as unemployment, inflation and tariffs may ultimately undermine the intended benefits of any rate cut.

For Denver real estate, a stagnant market does not mean an easy one to understand. Data alone does not tell the full story. If you cannot understand the trends or refuse to see the story they reveal, charts and stats are meaning-less. Understanding how the trends connect to real buyer and seller decisions is what truly matters.

Learn more about the market from the Denver Metro Association of Realtors.

Thank you to our partners at the Denver Metro Association of Realtors for compiling this information.

Related Links

If there is a home that you would like more information about, if you are considering selling a property, or if you have questions about the housing market in your neighborhood, please reach out. We’re here to help.

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Greater Denver Area Real Estate Market Report from July 2025

 
 

The July Denver Metro housing data reinforces what many agents and industry analysts have been observing on the ground: we're navigating a market of contrasts. Inventory and days in MLS are both rising, according to the DMAR Market Trends Committee.

Buyer activity has slowed, yet pricing remains relatively stable. These mixed signals reflect a highly segmented marketplace, where every listing and every buyer tells a different story, and where outcomes can vary widely depending on price point, location and strategy.

The detached and attached markets saw varying trends in July. New inventory for detached homes slowed, with 3,916 homes coming to market, a 13.57 percent drop from June. The number of pending properties declined 2.28 percent, showing a slight slowdown in buyer activity. At the end of the month, the inventory of detached homes increased just 0.76 percent, a sign that well-priced homes are still moving, but competition is easing for buyers.

Attached homes had a busier month, with 1,445 properties entering the market—a 3.21 percent increase over June. Pending properties increased 6.49 percent month-over-month, while the end-of-month inventory of attached homes dipped slightly, down 1.94 percent, indicating steady buyer absorption despite broader market uncertainty.

Median days in MLS rose month-over-month for both attached and detached properties, increasing by 25.8 and 25 percent, re-spectively.

The number of properties that sold in July dropped 11.31 percent from June and 6.84 percent from July 2024. It is not unusual to see a seasonal decline in sales volume from June to July as the market shifts into late summer.

Sale prices remain relatively flat for the year. Median prices declined slightly in July-down 2.26 percent for detached homes and 2.50 percent for attached homes; however, these modest dips are also in line with seasonal patterns.

The overall economic and consumer environment has experienced significant uncertainty in 2025, which is reflected in the real estate market. Total sales are down 0.80 percent year-over-year and 2.57 percent compared to 2023. Three years of sluggish sales are putting pressure on prices as buyers remain hesitant.
Sellers need to align expectations with market realities. Overpricing or underpreparing a home can lead to extended days on market and price reductions. With buyer demand uneven and more inventory available, presentation and strategic pricing are critical.

Precision and adaptability for sellers are essential. While pricing has remained relatively flat, buyers are more selective and price-sensitive, especially with more inventory on the table. Homes that are well-prepared and accurately priced can still sell quickly, but overpricing or skipping presentation details often leads to extended time on market.

Buyers in the current Denver market have a meaningful opportunity: more inventory, slower competition and stable pricing create space for strategic moves. With median days in MLS increasing and detached home listings climbing, there is less pressure to rush into decisions, especially in higher price brackets. That said, the market is highly segmented. Some homes still sell quickly, while others linger. Buyers need to look beyond averages and focus on hyper-local trends.

Learn more about the market from the Denver Metro Association of Realtors.

Keep reading for an In-depth breakdown on properties sold for $1 million or more by West + Main Agent Michelle Schwinghammer.

Thank you to our partners at the Denver Metro Association of Realtors for compiling this information.

Related Links

If there is a home that you would like more information about, if you are considering selling a property, or if you have questions about the housing market in your neighborhood, please reach out. We’re here to help.

Search Homes in Colorado

Greater Denver Area Real Estate Market Report from June 2025

 
 

As we wrap up the first half of 2025, one theme is emerging loud and clear across the Denver Metro real estate market: success hinges on aligning expectations with present-day conditions, according to the Denver Metro Association of Realtors.

Both buyers and sellers entered the year with hopes shaped by early forecasts-many anticipating falling interest rates and renewed buyer activity.

But the reality has been far more nuanced. Mortgage rates have remained elevated, inventory is rising across all price points and affordability constraints are increasingly driving buyer behavior.

The balance of supply and demand has shifted in a direction the Denver market has not seen in quite some time. A sharp rise in new listings in April and May significantly outpaced buyer demand, leading to longer days on market and more frequent price re-ductions. In June, new listings decreased by 18.43 percent compared to May. A seasonal trend that aligns with historical patterns, as inventory typically peaks in May or June.

This growing supply is starting to moderate price growth. In June, the median sale price for detached homes rose a modest 0.13 percent month-over-month to $665,895. Attached homes showed no change, holding steady at a median price of $400,000.While price stability can be encouraging, the underlying shift is clear: upward price pressure has softened, particularly in segments with the most inventory.

Sellers are having to adapt to a slower pace. In June, the median days in MLS climbed to 16 for detached homes, a 60 percent increase from May, and 30 days for attached homes, up 20.22 percent. Inventory levels now exceed two months across all price points. High-end properties are experiencing the most significant drag; detached homes priced above $2 million now carry nearly six months of inventory, while attached homes priced between $1 and $2 million have a supply of more than 10 months.

The Denver Metro real estate market at midyear 2025 is a study in recalibration. Buyers and sellers who began the year operating on outdated assumptions- expecting lower interest rates, surging competition or guaranteed appreciation are now confronting a market that demands flexibility and realism. Decisions based on what should be happening are leading to hesitation, missed opportunities and stalled deals.

For sellers, pricing based on last year's peak or early 2025 optimism is proving to be a risky strategy. Today's buyers are cost-conscious, deliberate and quick to pass over listings that are unprepared or overpriced. Real-time market awareness, achieved through data-driven pricing strategies, competitive positioning and responsiveness to buyer feedback, is essential for achieving a timely sale.

For buyers, waiting for the "perfect" rate or perfect timing can be just as costly. While inventory is up and prices are stabilizing, desirable homes are still moving and the cost of delay in a high-rate environment adds up fast.

We do not have a bad market; it's a different market. In this new environment, those who stay grounded, informed and responsive will be the ones who succeed. In 2025, we are all navigating the market we have, not the one we expected. Real-time awareness is the most valuable asset buyers and sellers have

Learn more about the market from the Denver Metro Association of Realtors.

Keep reading for an In-depth breakdown on properties sold for $1 million or more by West + Main Agent Michelle Schwinghammer.

Thank you to our partners at the Denver Metro Association of Realtors for compiling this information.

Related Links

If there is a home that you would like more information about, if you are considering selling a property, or if you have questions about the housing market in your neighborhood, please reach out. We’re here to help.

Search Homes in Colorado

Greater Denver Area Real Estate Market Report from May 2025

 
 

In a world where we are conditioned to expect immediacy and convenience, real estate reminds us that some things still take time., according to the Denver Metro Association of Realtors Market Trend Committee.

The Denver Metro housing market right now is a masterclass in patience. Whether you're a buyer waiting for the right home to hit the market or a seller holding out for the best offer, today's conditions reward those who can pause, plan and stay engaged.

Patience is especially essential as inventory builds. This report tracks inventory in two ways: new listings refer to the number of homes that entered the market during the month, while active listings at month's end reflect the number of listings available on the last day of the month-those that roll over into the next cycle. In May, new listings increased by 3.26 percent for detached homes and 2.80 percent for attached homes compared to April. Year-to-date, 29,881 new properties have entered the market-up 17.55 percent from 2024 and 9.21 percent from 2021-highlighting a notable increase in seller activity.

As more homes come to market, active inventory continues to rise. With new listings outpacing closed sales, more properties remain active into the next month. At the end of May, there were 13,599 active listings-up 13.67 percent from the previous month and 48.48 percent year-over-year. This is the highest level of inventory the Denver Metro area has seen since 2011, underscoring the importance of strategy and staying power for both buyers and sellers.

Still, inventory alone does not tell the whole story. The balance between supply and demand remains the key driver of market direction. Pending sales- a leading indicator of buyer activity— dipped 8.56 percent from March to April, suggesting an early spring slowdown. However, May brought a renewed burst of buyer interest, with pending contracts rising 6.88 percent month-over-month.

Prices remained relatively stable, with the median sale price for detached homes up 0.76 percent and attached homes seeing a stronger 4.52 percent increase. Homes are still selling, and quickly in many cases; closed sales in May spent just 16 days in the MLS for detached properties and 28 days for attached. However, a look at currently active listings tells a different story: average days in the MLS now trend closer to 45. This divergence reflects a growing split in the inventory.Homes in a desirable location, updated and priced appropriately, continue to sell quickly. Meanwhile, properties that miss the mark in condition, location or pricing often linger, requiring price reductions to attract discerning buyers.

As much as the algorithms try, homes are not a commodity. Each home is influenced by location, condition, evolving societal expectations and personal priorities. As this market reminds us, real estate is nuanced, and that nuance is where a skilled Realtor® brings real value. Buying and selling a home is a deeply personal process, and no two clients share the same motivations. The key is aligning personal goals with current market realities-finding that balance between strategy and adaptability, patience and decisive action. In a shifting market like this, staying focused on your "why" while remaining flexible in your "how" is what leads to confident, successful outcomes

Learn more about the market from the Denver Metro Association of Realtors.

Thank you to our partners at the Denver Metro Association of Realtors for compiling this information.

Related Links

If there is a home that you would like more information about, if you are considering selling a property, or if you have questions about the housing market in your neighborhood, please reach out. We’re here to help.

Search Homes in Colorado

 
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