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

 We Have Balance in the Force!

In early May, we joke about “May the 4th be with you”, but as we have entered the solid Spring Market, it’s no joke about more balance in our housing market! For many years we have suffered from a scarcity of inventory for buyers to see and buy and have hoped for more inventory to look at! Well, we now have just what we have asked for the last many years as Active Inventory has blossomed like a Spring flower!

The Denver Metro Residential Market currently has approximately 12,000 Active Listings! Sellers seem to be more assertive in Listing their home for sale, while Buyers are more cautious about their purchase and seeking good value and quality!

This market is a lot like our Spring weather, with snow and wet one day, and beautiful and sunny the next. The good news is that activity continues with over 7,000 New Listings, and over 4,300 Pending Sales in April!

Sellers: Denver ranked 5th in the Nation with the highest number of price reductions and seller concessions at 59.2% of homes last month!

Buyers: Your cautious approach to buying right now is understandable, however please focus on your long term needs to help overcome the uncertainty of the day to day market. We see some of the best value and opportunities in the housing market right now versus the last decade plus! 

Just like a Rocky Mountain Springtime, the market can change quickly and we see some very Sunny days ahead!  Please call today for our Professional and experienced outlook on the market and your Real Estate needs!

Metro Denver Area Luxury Market Update

Luxury buyers are out buying new homes this spring with the total number of sales year to date has increased 9% over last year. Days on the market have increased only slightly with the average time to going under contract being 36 days.

Where we are seeing a shift is in pricing. Buyers are very price sensitive right now where we are seeing a slight reduction in prices year to date of 2% over this time last year. While we are still seeing beautifully updated houses in great locations selling within a few days of going on the market, there are a significant number of homes that are seeing price reductions in order to get sold.

For Buyers this means that there is opportunity to get a better price on a home and have more selection to choose from.

For Sellers it has never been more critical to make sure your house is in great condition when you go on the market and make sure you are pricing correctly for your neighborhood. Don’t be too aggressive on pricing and have the “test the waters” approach.

As always consult your favorite RE/MAX Professionals broker for the best strategy for selling and buying.