Welcome to Your Monthly Market Recap
If you’re curious what it’s like to try buying or selling a home in Denver lately, here’s your June 2025 snapshot: a shifting landscape that still rewards the well‑prepared, but with buyers now calling more of the shots.
🔍 Key Highlights: What Just Happened
Inventory—finally up, way up!
Active listings jumped a whopping 34% compared to June 2024—meaning more homes on the market = more options for buyers and added competition for sellers. (Denverrealtypro.com)
Sales up, prices up (gently)
Closed deals rose ~5% year-over-year; pending sales increased ~6%. Median closed price ticked up 2% YoY, showing stability—but without the frenzy of prior years. (REcolorado)
Homes are taking their time
Chattier listing descriptions aside, homes now spend about 19 days on the MLS—six more than a year ago—and splashy discounts are happening: the typical sale price is now 98.1% of original list price. (Denverrealtypro.com)
📍 Local vs. Broader View
Denver city proper:
Expect mixed signals here. One report pegs median price at $582,970, which is down about 2.6% from last year. That’s a bit softer than other metro stats. (Rocket)
Another source puts it at $625,000, up 1.6% YoY, with an average market time of ~25 days. (Redfin)
Metro Denver overall:
The Denver Metro Association of Realtors says a median closed price of $609,925, up 2% YoY, with an average sold price of around $732,660. (Norada Real Estate)
This variation reflects how different types of homes—condos, single‑family, high‑end vs. starter—are moving differently across neighborhoods.
🧠 Why This Matters—and Why You Should Care
1. Buyers major league advantage
Recent data shows a 42% surplus of sellers over buyers—Denver has more people trying to sell than to buy, which is the widest gap on record here. (Investopedia, Axios) That translates to fewer bidding wars and more negotiating room.
2. Affordability still squeezed
Even with this inventory bump, home prices remain high. Plus, mortgage rates are hovering around 6–7%, keeping monthly payments steep. One report says a Denver homeowner now needs to work 97 hours per week to cover their mortgage—up 94% from a decade ago. (Common Sense Institute)
3. Price‑cut frenzy in progress
In June, nearly one out of every three listings saw a price cut. That’s likely the highest rate in years—buyers now expect more flexibility, and sellers are scrambling to stay competitive. (Realtor)
🎯 What Does This Mean for You?
For sellers:
- Price smart—homes sitting at unrealistic prices risk languishing.
- Stage strategically—well-presented listings sell faster in this environment.
- Get creative—offer incentives (e.g. mortgage buydowns) instead of deep discounts. (MarketWatch)
For buyers:
- Patience pays—more listings, more time to choose and negotiate.
- Shop smart—lock in homes with strong fundamentals (good school zone, solid structure, smart updates).
- Budget wisely—given high rates, keep a close eye on total monthly housing costs.
🚀 Looking Ahead: What’s Next?
- Rate relief on the horizon? If mortgage rates dip later in 2025, buyer activity could surge again—revving up demand. (Norada Real Estate, Redfin, Barron’s, Axios)
- Inventory pressure continues—unless new construction picks up, the current glut may stick around, keeping markets soft through early fall.
- Smart homeowners win—whether buying or selling, understanding timing, pricing, and negotiation matters more than ever.
🌟 Wrapping Up
Denver in June 2025 feels like a mature market in transition: inventory is surging, buyers have more control, and price growth has plateaued. That said, property values remain high and rate sensitivities are real—so both sides of the aisle need to be strategic.
Sellers who price wisely and stage beautifully can still shine. Buyers who do their research and negotiate thoughtfully may find great opportunities. Whether you’re eyeing Park Hill or Highlands, Cherry Creek or Glendale, the name of the game is: informed and flexible wins.
Have listeners, readers or clients looking for neighborhood‑level insights or tailored advice? I’d be glad to help dig deeper.