DMAR Real Estate Market Trends Report | May '25
“Right now, the Denver Metro housing market is a masterclass in patience,” said Amanda Snitker, Chair of the DMAR Market Trends Committee and Metro Denver Realtor®. “Whether you're a buyer waiting for the right home to hit the market or a seller holding out for the best offer, today’s conditions reward those who can pause, plan and stay engaged.”
Patience has become especially important as inventory builds. In May, new listings increased 3.26 percent for detached homes and 2.80 percent for attached homes compared to April. Year-to-date, 29,881 new properties have hit the market, up 17.55 percent from 2024 and 9.21 percent from 2021, highlighting a significant rise in seller activity. By month’s end, there were 13,599 active listings in the Denver Metro area, representing a 13.67 percent increase from April and a 48.48 percent jump year-over-year. This marks the highest level of inventory the region has seen since 2011.
“As more homes enter the market and fewer are closing, we’re seeing a build-up of active listings rolling into the next month,” added Snitker. “This is where strategy and staying power come into play. Sellers need to be mindful of how their home is positioned – while buyers may finally have more room to breathe.”
While supply grows, demand remains in flux. After a slight dip in pending sales from March to April, May brought renewed buyer energy, with pending contracts increasing 6.88 percent month-over-month. Prices also remained relatively stable. The median sale price for detached homes rose 0.76 percent, while attached homes saw a stronger 4.52 percent increase.
“Homes are still selling, and quickly, if they’re move-in ready, well-located and appropriately priced,” said Snitker. “But the market is beginning to split. We’re seeing more homes sit on the market longer, particularly those that may be overpriced or need updates.”
Indeed, while closed sales in May averaged 16 days in the MLS for detached homes and 28 for attached, current active listings now average closer to 45 days. This divergence underscores a key market trend: well-positioned homes continue to move fast, while others require adjustments. In a shifting market like this, the most successful outcomes come from aligning personal goals with current conditions – balancing strategy and adaptability, patience and decisive action.
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