The Denver Metro housing market showed signs of balance in September 2025, as inventory grew modestly and prices held relatively steady. While activity remains slower than the frenzied pace of the past few years, buyers and sellers alike are finding more predictability heading into the fall season.

Market Snapshot

What These Numbers Mean

Inventory remains elevated.
With 12,707 active listings, buyers have more choices than last year—up 10.5% year-over-year—but slightly fewer than in August. This signals a healthy fall market that's leaning toward balance, not oversupply.

New listings are up, but sellers are cautious.
We saw a 7% increase month-over-month, but compared to last year, fewer homeowners are listing—likely holding onto lower mortgage rates.

Prices are holding steady.
The median sales price of $580,000 barely changed month-to-month and is up just 1% year-over-year. The average sales price dipped 3%, suggesting that buyers are targeting more moderately priced homes.

Homes are taking longer to sell.
With an average of 51 days on market, sellers should expect their homes to stay active longer than in the spring rush. Meanwhile, expired listings jumped 64% year-over-year, reminding sellers that proper pricing and presentation matter.

A balanced market is emerging.
At 3.7 months of inventory, we're no longer in a deep seller's market—but we're not in a buyer's market either. It's the kind of environment where realistic pricing and strategic marketing make all the difference.

Key Takeaway

The Denver Metro market is settling into a more sustainable rhythm.
For buyers, this means less competition and more time to make confident decisions.
For sellers, it's a reminder that condition and pricing are key in standing out.

As we head toward the end of 2025, expect a calmer but still active market—one that rewards preparation, patience, and professional guidance.