Our market update for the metro Denver area for May 2025 is broken down into All Residential, as well as Luxury Residential stats.

Below are links to download our update, as well as a breakdown of the stats in more detail:

• Metro Denver Area Residential Market Update
• Metro Denver Area Residential Luxury Market Update
• Metro Denver Area Residential Market Update Detailed Stats

Metro Denver Area Residential Market Update

The Denver Real Estate Market has Officially Shifted!

Denver Real Estate, long known for its tight housing supply, is now among the top U.S. Metro areas for rapidly growing unsold inventory. This surge places Denver in third place right behind San Jose and Las Vegas, with only a fraction of a difference for Inventory growth year to date! 

The Active Listings at the end of May increased again to 13,599 which is 48% higher than this time last year. This is the highest level of inventory the Denver Metro area has seen since 2011!  Closed homes were at 4,036 in May, and that is down 9.5% from May of 2024. 

There is some good news however, in that Pending Sales were 4,349 in May and that is up over 10% from May of last year! The balance between supply and demand remains the key driver of market direction. The early Spring slowdown has been a cause for concern, however the renewed burst of buyer interest in the May pendings may lead to a rare Summer surge of buyer activity.

Sellers are getting a masterclass in patience in this market, and getting more realistic on pricing as price reductions and seller concessions continue to be more common.

Buyers have been very patient this year, and have continued to wait for the right home at the right price, condition and location. 

This market has some fantastic opportunities right now, and reminds us that real estate is nuanced, and that nuance is where a skilled Realtor at RE/MAX Professionals brings real value. We know this process is deeply personal, and commit to you our very personal attention to your individual needs! This Summer may be one to remember, so let’s talk about your real estate needs today!

Make it a great Summer!

Metro Denver Area Luxury Market Update

The Luxury Market is continuing to out perform expectations for 2025. While the total number of sales in May declined by approximately 12% prices have held steady with a 3.5% increase over this time last year. Days on the market is holding steady at 32 for single family homes and 37 for attached homes.

An increase in new listing during the month of May is allowing buyers more selection and requiring that Sellers are being realistic about the prices of the home that they are selling. Approximately 30% of listings are selling in the first 7 days on the market at or near list price and in some cases over list price. The opposite of this is that nearly 40% of listings are experiencing price reductions in the 5-6% range. The houses that are most likely to sell quickly are houses in what are perceived as good neighborhoods, newer or updated with little to no work needed for the new buyer to move in and once again, priced correctly.

Buyers are seizing the opportunities that the price reductions are allowing in this category of homes to allow them to purchase a more affordable option.

As always luxury real estate in the Denver metro market is very neighborhood specific. Consult your favorite RE/MAX Professionals broker for the details on what is happening in your neighborhood.