High inventory and stable prices

Denver Metro Real Estate Market Experiencing Shift

The Denver metro real estate market is currently going through a significant shift with inventory at its highest level since 2011. Despite the increased availability, prices are remaining stable, while closed sales have seen a drop, according to the latest June report from the Denver Metro Association of Realtors.

According to market trends committee member Michelle Schwinghammer with West + Main, active listings last month totaled 14,007, up 3% from May and 37% from the same month the previous year. The average number of active listings historically stands at 15,125, with a record high of 31,900 in June 2006 and a record low of 3,122 in 2021.

Despite the increase in inventory, closed sales in June were down 10% from May and 2% from June 2024. The median home sale price for June was $610,200, up 2% from the previous month and year. Days on market have continued to increase, up 12% from May to 37 days in June.

Market Analysis and Mid-Year Review

“We do not have a bad market; it’s a different market,” said Amanda Snitker, chair of the DMAR Market Trends Committee. She emphasized the importance of staying informed and responsive in the current market environment.

Past chair of the DMAR market trends committee, Steve Danyliw, provided a mid-year review analyzing migration trends, mortgage rates, sales expectations, prices, inventory, and market outlook. He highlighted the net outbound migration in Colorado, mortgage rate forecasts, sales expectations for detached and attached homes, home prices, inventory trends, and the market outlook for the second half of 2025.

The second half of 2025 may see more favorable conditions with expected rate declines and balanced price levels, although affordability will continue to be a challenge for buyers.