After years of record-low inventory and bidding wars, Denver has officially crossed into buyer territory — a shift happening faster here than almost anywhere in the country. Nationally, active listings rose 17% year-over-year, but Denver’s inventory is up nearly 60% above pre-pandemic levels, putting it among the top markets for growth alongside Austin and San Antonio.
This surge in supply has cooled the market. Across the U.S., homes now spend an average of 62 days on market, and 1 in 5 listings sees a price cut. In Denver, that trend is sharper: homes are sitting longer, and 31% of listings have reduced prices. The median list price has dipped to $599,450 (down 1.8%), and price per square foot is down nearly 4%.
According to Redfin and Homes.com, Denver’s inventory reached a 14-year high, officially marking it a buyer’s market. Redfin estimates there are 57% more sellers than buyers — roughly 15,900 sellers vs. 10,100 buyers — the largest swing toward buyers among the 50 biggest U.S. metros. With affordability challenges and buyer hesitation lingering, even falling mortgage rates haven’t reignited demand.
The result? More homes sitting longer, more price reductions, and a market finally rebalancing. The median single-family price slipped 1.2% year-over-year to $630,000, while condos dropped 10.7% to $392,500. Statewide, inventory has climbed to five months of supply, double what we saw during the pandemic peak. Many sellers, unwilling to accept weaker leverage, are pulling listings off the market — delistings jumped 57% nationally in August, according to Realtor.com. But waiting can backfire. With Denver’s inventory still climbing, those who delay may face lower prices and more competition come spring.
Still, opportunity abounds. Buyers now enjoy the most favorable negotiating climate in over a decade, with room for concessions and inspection negotiations. For sellers, success depends on pricing smart, staging well, and staying flexible. Those who prepare strategically are still seeing strong offers — while overpriced listings risk longer market times and deeper cuts later.
Overall, Denver has entered a new phase: balanced, measured, and overdue for normalization. After years of frenzy, buyers finally have choice and time, while sellers are learning to compete again — setting the stage for a healthier, more sustainable market heading into 2026.
My 2025 Sales in Context
This year, my results with both buyers and sellers mirror the broader shifts we’re seeing across the Denver metro area. As inventory climbed to its highest level – our buyers leaned into that advantage. My 2025 buyer clients purchased homes at an average of 98.8% of list price, often negotiating major repairs and concessions that wouldn’t have been possible just two years ago. Meanwhile, my sellers continued to outperform the market, averaging 100.7% of list price and selling in just 28 days — well below Denver’s metro average of 41–60 days. These numbers reflect a market in transition: balanced, but still full of opportunity for both sides. Buyers are finally able to be selective and strategic, while well-prepared, well-priced listings continue to attract strong offers. Even as Denver settles into a true buyer’s market, the data shows that thoughtful pricing, professional presentation, and clear strategy remain the difference between homes that sit and homes that sell.
📊 Key Stats Summary — By Source
🏠 Realtor.com (September 2025)
Realtor.com’s latest housing trends report shows Denver continuing to outpace the national market in both inventory growth and price adjustments. While the national median list price held steady, the Denver metro saw notable softening in both pricing and time on market.
National active listings: +17% year-over-year (23rd straight month of growth)
- National median list price: $425,000 (flat year-over-year)
- Average days on market: 62 days (up 7 days from last year)
- National price cuts: 19.9% of listings
- Denver active listings: +22% year-over-year
- Inventory vs. pre-pandemic: +59.6% (among the top 3 markets in the U.S.)
- Median list price (Denver): $599,450 (↓1.8%)
- Price per square foot: ↓3.9%
- Listings with price reductions: 30.7% (vs. 19.9% nationally)
- Median days on market: 10📈 Takeaway: Denver’s inventory recovery is leading the nation. Sellers are reducing prices at higher rates than average, and buyers are gaining negotiating leverage as homes sit longer.
🏘️ Homes.com (July–August 2025)
Homes.com data confirms that Colorado’s inventory boom has dramatically cooled price growth and extended time on market, especially in the condo and townhouse sectors.
- Statewide new listings: +14% year-over-year
- Months of inventory (statewide): ~5 months (↑30% YoY — most balanced in 10+ years)
- Denver median sale price: $585,000 (↓0.8% YoY)
- Single-family median price: $630,000 (↓1.2% YoY)
- Condo median price: $392,500 (↓10.7% YoY)
- Townhouse/condo months of supply: 5.6 months (↑30% YoY)
- Days on market for condos/townhomes: ↑24% (50 → 62 days)
- Statewide sales volume: Down 7–9% from June to July
🗣️ Quote from CAR spokesperson Cooper Thayer:
“For buyers, this is one of the most favorable negotiating climates in more than a decade… For sellers, success will depend on accurate pricing, strong presentation, and flexibility.”
📈 Takeaway: Colorado’s inventory surge — particularly in condos — has shifted leverage toward buyers across nearly every price tier. Sellers who price smartly and present their homes well can still attract solid offers, but gone are the days of automatic over-asking bids.
📰 The Denver Post / Redfin (September 2025)
The Denver Post’s coverage, supported by Redfin and Homes.com analytics, officially labels Denver as a buyer’s market for the first time in 14 years — driven by one of the fastest inventory expansions in the nation.
- Active sellers: 15,905
- Active buyers: 10,126
- Seller-buyer gap: 57% more sellers than buyers
- Shift in balance: +49.2 percentage points toward buyers (largest among top 50 metros)
- Median sale price: $587,000 (↑0.3% YoY — essentially flat)
- Condo prices: ↓8.7% YoY
- Delistings: ↑57% nationally (as sellers pull homes rather than reduce prices)
- Market classification: Official “Buyer’s Market” (Homes.com designation)
📈 Takeaway: The speed of Denver’s shift is historic. Sellers outnumber buyers by a wide margin, and while home values remain relatively stable for now, price cuts and delistings suggest continued cooling through year-end.
🧾 2025 Sales Summary: Buyers vs. Sellers
| Category | Buyers (9 closings) | Sellers (10 closings) |
| Average sale price | $757,000 | $509,000 |
| Median sale price | $725,000 | $505,000 |
| Total volume sold | $6.81 million | $5.09 million |
| Average days on MLS | ~41 days | ~28 days |
| Average list-to-close ratio | ~98.8% | ~100.7% |
| Fastest close | 815 Hoyt St – 1 day | 624 E 18th Ave #3 & #4 – 4 days |
| Longest close | 6001 S Yosemite St #F208 – 125 days. | 3418 Elk Ct & 6770 Zebra Grass Ln – 92 days. |
| Top sale price | 1 Mountain Birch, Littleton – $1,550,000. | 3418 Elk Ct, Broomfield – $810,000 |
| Lowest sale price | 6001 S Yosemite St #F208 – $395,000. | 3231 S Estes St – $208,250 |