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.
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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.
