Denver Metro Housing Market Snapshot

Denver Real Estate Market Update – September 2025: What Buyers and Sellers Need to Know

If you’ve been keeping an eye on the Denver housing market, you might have noticed things shifting. Prices are holding steady, homes are taking a little longer to sell, and inventory is slowly creeping up. Whether you’re thinking about buying, selling, or just staying informed, here’s a simple breakdown of what’s really happening in the Denver Metro real estate market right now.

The Big Picture: A Market Finding Its Balance

The latest report from the Denver Metro Association of Realtors (DMAR) shows that the median close price in September 2025 was $589,900, just a slight 0.56% dip from the previous month. That’s not a dramatic drop—it’s more like a small market adjustment after months of activity.

For buyers, this means the pace is cooling off a bit—homes are not flying off the market as quickly, giving you more time to look around and negotiate. For sellers, while the frenzy of multiple offers may have eased, homes are still selling at strong prices.

Fewer Sales, But Still Strong Demand

In September, 3,366 homes closed, which is down 8.78% from the previous month. While that sounds like a slowdown, it’s actually a sign of a more balanced and sustainable market.

Over the past few years, the Denver market has seen intense competition, with bidding wars and record-breaking prices. Now, buyers are more cautious due to interest rates and inflation concerns—but they’re still out there, waiting for the right home.

Sales Volume: A Reflection of Shifting Activity

Total sales volume for the month came in at $2.34 billion, marking an 11.52% decrease. That might seem like a lot, but it’s tied closely to the fewer number of sales, not necessarily falling prices.

This tells us that while fewer transactions are happening, home values are remaining solid. Denver’s housing market is resilient, supported by strong job growth, desirable neighborhoods, and a steady stream of new residents moving to Colorado.

Inventory is Growing – and That’s a Good Thing

One of the most notable shifts is the increase in inventory. Denver now has 3.89 months of inventory, up 8.36% from the previous month.

In simple terms, “months of inventory” measures how long it would take to sell all homes currently on the market if no new listings were added. A balanced market typically has around 4-6 months of inventory, so Denver is inching closer to that middle ground.

✅ For buyers: More inventory means more choices and less pressure to rush.

✅ For sellers: You’ll face more competition, so pricing and presentation matter more than ever.

Homes Are Staying on the Market Longer

The median days in MLS (Multiple Listing Service) rose to 35 days, a 16.67% increase from August. That means the typical home now takes just over a month to sell, compared to around four weeks earlier this year.

This doesn’t mean homes aren’t selling—it just means buyers have a little more breathing room. For sellers, it’s important to set realistic expectations and work with an agent who understands current market dynamics.

Active Listings and New Listings Are Up

Denver ended September with 13,074 active listings, which is up 0.11%. While that’s a modest change, it still points toward a more balanced market.

Even more encouraging: 4,968 new listings hit the market in September—an increase of 6.18%. This is great news for buyers who’ve been waiting for more options and variety in neighborhoods and price ranges.

If you’ve been thinking of selling, this uptick means buyers are actively looking, but competition among sellers is also growing. A well-marketed home, priced correctly, will still attract solid offers.

Pending Sales Slightly Down – A Seasonal Slowdown

Pending sales dipped by 2.05%, landing at 3,585. This aligns with the seasonal cooling that usually happens as we move into fall. Families have settled after the back-to-school rush, and the holidays are just around the corner.

But don’t be fooled—serious buyers are still in the market. Often, this time of year brings out the most motivated buyers who are eager to close before the year ends.

What This Means for Buyers

If you’ve been waiting for the “right time” to buy, this might be it. With prices slightly softer and more inventory available, buyers have more leverage now than they’ve had in years.

Interest rates remain an important factor, but remember: you can marry the home, and date the rate. That means you can buy the right home now, and refinance later when rates drop.

To make the most of this market:

- Get pre-approved before shopping.

- Look at homes that have been on the market for a few weeks—you might have room to negotiate.

- Don’t skip inspections or due diligence just to move faster.

What This Means for Sellers

If you’re planning to sell, the key is strategy. With more listings and longer days on market, standing out is essential.

Price it right from the start. Overpricing can push buyers away and lead to unnecessary price cuts later.

Stage your home to make a strong first impression online and in person.

Work with an experienced local agent who understands Denver’s shifting market trends and can position your home competitively.

Homes that show well and are priced fairly are still selling—sometimes even with multiple offers.

Looking Ahead: What to Expect This Fall

As we move deeper into fall and winter, expect the market to continue cooling slightly. That’s typical for this time of year, as fewer buyers are actively shopping and sellers prepare for spring.

However, Denver’s strong economy, limited long-term housing supply, and consistent population growth all point toward continued stability in home values.

Final Thoughts: Balance Is the New Normal

The September 2025 data shows that the Denver housing market is rebalancing—and that’s actually good news for everyone.

• Buyers are getting more opportunities and breathing room.
• Sellers still benefit from solid prices and steady demand.

The market overall is moving toward a healthier pace after years of intense competition.

If you’re thinking of buying or selling, now is a great time to have a conversation with a trusted local real estate agent. Call Sarah (303) 225-2707, a trusted real estate agent. 

Source: Denver Metro Association of Realtors (DMAR)

Data: REcolorado, September 2025 Month-over-Month

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