DMAR Real Estate Market Trends Report | Oct. '25 - Cloned
The Denver Metro market has been steadily redefining its baseline. Prices have stabilized, sellers are adjusting expectations, and buyers, though more cautious, are still highly motivated when the numbers make sense. In other words, the market hasn't collapsed or exploded; it's recalibrated. This is the "new normal," and it's one that rewards adaptability and strategy over speculation.
The environment remains challenging for sellers; the end-of-month inventory in October increased by 14.21 percent year-over-year, despite a 4.60 percent decrease in new listings entering the market from October 2024, continuing the pattern of new listings outpacing buyer demand. Homes were on the market for a slightly shorter period of time month-over-month, 31 median days for detached homes and 41 for attached homes. Both attached and detached homes sold within 98 percent of the list price. The number of homes sold through October was 36,053, just 152 fewer homes, 0.42 percent, than the same point in 2024. The total new inventory that has entered the market year-to-date has increased 7.87 percent year-over-year.
The year-over-year median sale price remained flat for detached homes and decreased by 2.95 percent for attached homes in October. The recalibration of home prices has been occurring, not with a steep decline, but with a gradual shift in balance. The Denver Metro Area experienced a 38.50 percent increase in median home prices from March 2020 to April 2022, representing an average annual growth rate of 19.25 percent. From March 2020 to October 2025, the median sale price increase was 33.71 percent, representing an average annual growth rate of 6.74 percent. The rebalance positions the median sale price within the historical trend range.
For buyers, this moderation in price growth creates a window of opportunity. With values settling into a sustainable range and less competition at the offer table, buyers can once again focus on finding homes that align with their long-term goals, rather than rushing to win a bidding war. The current environment allows for more negotiation power, greater flexibility in inspections, and the ability to make decisions based on value, not fear of missing out.
“The Denver market has, in many ways, hit its ‘reset button,’” said Amanda Snitker, Chair of the DMAR Market Trends Committee and Metro Denver Realtor®. “We're not witnessing volatility. We're seeing normalization. For real estate professionals, this means grounding our strategies in data and confidence, rather than relying on headlines or memories of the past.”
Snitker added, “Sellers must recognize that realism sells, while buyers who act decisively can secure homes under far more rational conditions than in recent years. October's numbers remind us: this isn't a waiting game, it's a moment to participate in a more balanced, sustainable market. We are experiencing the next chapter of Denver real estate.”
Our monthly report also includes statistics and analyses in its supplemental markets that include properties sold for $1 million or greater, properties sold between $750,000 and $999,999 and properties sold between $500,000 and $749,999.
In the $1 million+ market, October brought unexpected momentum. As the masks were removed, October appeared to be far less scary for the luxury sector than anticipated. While multiple factors were at play, the seasonal slowdown following the back-to-school period combined with a modest dip in interest rates helped pull buyers off the sidelines. Detached properties continued to outperform attached properties in both volume and velocity, though both segments posted month-over-month gains. Detached sales increased 17.46 percent compared to September, while attached sales rose 14.29 percent.
Inventory levels tightened as well. Active listings dropped from 730 to 597 month-over-month — a decrease of 18.22 percent — while closed transactions rose, signaling that demand outpaced supply. The average closed price for homes over $1 million was $1,683,257, representing $833,212,420 in total sales volume across 495 closings.
“This price range often feels like driving through fog, if you slam on the brakes, you’ll get rear-ended; if you accelerate too quickly, you can’t see what’s ahead,” said Andrew Abrams, DMAR Market Trends Committee member and Metro Denver Realtor®. “For months, the market has moved at a careful, measured pace. Yet in October, clarity began to emerge.”
Added Abrams, “The $1 million+ market tends to move in waves of confidence. When rates ease and consumer sentiment stabilizes, we often see the upper end of the market react quickly. October showed us that buyers are paying attention — and acting.”
Highlights from October’s closed transactions include the sale of the highest-priced attached home, 155 Steele Street Unit #1215 in Cherry Creek North, which sold for $10,125,000, and the highest-priced detached home, 4766 S. Fillmore Court in Cherry Hills Village, which sold for $8,150,000. Both properties were represented by current DMAR Realtor® members.
