July 2025 Housing Market Trends
July 2025 Denver Metro Housing Market Update
The Denver Metro housing market continued to show signs of adjustment in July 2025, reflecting both seasonal patterns and broader shifts in buyer and seller behavior. According to the latest data from REcolorado, trends point to a market balancing out after several years of volatility. Here’s a closer look at what the numbers reveal.
Fewer Closings Compared to Last Year
In July 2025, 3,729 homes closed, a slight 2% decrease from July 2024, when 3,799 homes sold. This dip suggests that while demand remains steady, higher inventory and longer days on market may be slowing down the pace of transactions.
More Homes Hitting the Market
The number of new listings rose 3% year-over-year, climbing from 5,313 in July 2024 to 5,478 in July 2025. This increase in seller activity is giving buyers more choices, especially compared to the competitive conditions seen in previous years.
Pending Contracts on the Rise
Pending listings saw an even stronger jump, up 6% year-over-year. July 2025 recorded 3,805 pending listings, compared to 3,582 in July 2024. This indicates healthy buyer activity despite a cooling in closed transactions, and it suggests that closings may pick up in the coming months.
Homes Taking Longer to Sell
One of the most notable shifts is in time on market. The median days in the MLS rose from 17 days in July 2024 to 26 days in July 2025. Buyers are taking more time to make decisions, and sellers may need to adjust pricing expectations or marketing strategies accordingly.
Home Prices Show a Slight Decline
The median closed price for single-family homes dipped 2%, falling from $600,000 in July 2024 to $590,000 in July 2025. While this isn’t a dramatic change, it highlights a softening trend that could make the market more approachable for buyers who have been priced out in recent years.
Inventory Expands
Inventory levels are also on the rise. The market had 15 weeks of inventory in July 2025, compared to just 11 weeks a year earlier. This added supply provides buyers with more negotiating power and may help ease upward pressure on prices.
What This Means for Buyers and Sellers
For Buyers: The market is becoming less competitive, with more options and slightly lower prices. Patience could pay off as sellers adjust expectations.
For Sellers: Homes are still selling, but the days of lightning-fast offers may be behind us for now. Pricing strategically and presenting your home well will be key in attracting serious buyers.
Final Thoughts
Overall, July 2025 reflects a Denver Metro housing market in transition. More listings, longer selling times, and stable to slightly lower prices suggest a healthier balance between buyers and sellers. Whether you’re considering buying or selling, understanding these trends can help you make informed decisions in today’s evolving market.
