In July 2025, the Denver real estate market is undergoing significant changes, marked by increased inventory, longer days on market, and strategic price adjustments. Here's a detailed snapshot:
Inventory Surge: Active listings have risen to about 14,007, showing a 37% increase since June 2024. This expansion in inventory is providing buyers with broader choices and contributing to a more balanced market dynamic.
Stability in Home Prices: Despite the increase in listings, the average closed price was $743,572 in June 2025, up 2% from June 2024. This indicates relative stability in pricing, even as the market adjusts.
Extended Time on Market: Homes are averaging 37 days on the market, compared to 28 days last year, reflecting a more measured pace in buyer decision-making.
Prevalence of Price Reductions: A notable number of price reductions have occurred, with 637 reductions in a single week in mid-July. This trend suggests sellers are recalibrating expectations to meet current market realities.
Market Trends: The close-price-to-list-price ratio has dipped slightly to 98.99%, giving buyers slight negotiating leverage. Additionally, the median days in MLS is now 19, six days longer than the previous year, indicating longer market times.
Implications for Stakeholders:
- Buyers: The increased inventory and price adjustments create favorable conditions, offering more options and leverage in negotiations.
- Sellers: Pricing homes competitively and maintaining high presentation standards are critical to attracting buyers in this evolving market.
Overall, the Denver real estate market in July 2025 is shifting towards a more balanced state, presenting opportunities for both buyers and sellers to effectively navigate the changes.
