Market Update | May 2025

Market Update May 2025

As of May 2025, the Denver Metro housing market is undergoing a clear shift toward balance, with increased inventory, relatively stable prices, and more selective buyer behavior defining the current landscape. According to the Denver Metro Association of Realtors (DMAR), active listings have risen sharply—detached home listings are up over 66% compared to the same time last year, while attached homes have seen an even greater increase of 81.42% since April 2024. This surge in inventory is giving buyers more options and easing the intense competition that has characterized the market in recent years.

Despite the influx of available homes, prices have remained relatively steady. The median sale price for detached homes in April 2025 reached $665,000, showing a modest 0.76% month-over-month increase. Attached homes saw a similar trend, with prices climbing 0.55% from the previous month to a median of $389,900. However, attached home prices are still down 6.05% year-over-year, signaling potential concerns in this segment related to affordability, rising HOA fees, and increased insurance costs.

Buyers are taking advantage of the shifting conditions by becoming more discerning. Homes are spending more time on the market, with median days in the MLS rising to 13—up 62.5% from last year. This indicates a more balanced market where buyers now have negotiating power that was previously uncommon. Sellers, in turn, need to price competitively and ensure their properties are market-ready to stand out in the growing pool of options.

In summary, the Denver housing market in May 2025 reflects a notable move away from the frenzied pace of past years. While prices are holding steady, increased inventory and evolving buyer expectations are reshaping the way homes are bought and sold. Whether you're entering the market as a buyer or a seller, understanding these dynamics and working with an experienced real estate professional will be essential in navigating this new phase of Denver’s real estate cycle.