Summer in Denver brings plenty of sunshine and plenty of new listings for the active home buyer!
Active listings
Active listings are up almost 50% year-over-year in May 2025. While new listings are up only 5% from last year, closings this year are significantly down as buyers are pushed to the sidelines by high mortgage rates.
Average Price
Prices held steady in May 2025. The average closed price of $722,101 was almost 1% above last year’s $717,446.
Days on Market
Reflecting the slower buyer activity, homes sold in an average of 33 days in the month of May, a 27% increase from last year.
Percent of Closed Price to List Price
Sellers continue to close consistently close to listing price, 99% of listing price this past May.
Market Outlook
The summer Denver Real Estate market is full of opportunity for the active buyer. Sellers will need patience and a realistic selling strategy that prioritizes timing, pricing, and staging. Whatever your goals are this summer, reach out to the CJV Real Estate team for a guidance.