Denver Market Update

Looking at stats from May 2025

As gardens bloomed and patios filled with sunshine last month, Denver’s housing market also kept things growing, just at a slightly slower pace than usual. At The Art of Home Team, we like to think of May as a month of real estate reflection. It’s a time when we really get to see how the spring season is shaping up, and this year, it’s all about more options and more balance.

If you’re wondering what all this means for you as a buyer or seller, here’s our warm, down-to-earth take on the May numbers.

More Homes, More Choices

Compared to last year, there were fewer homes that closed in May (about 5% fewer) but that doesn’t mean things are quiet. In fact, buyer activity is up, with 12% more homes going under contract year-over-year. This tells us that people are still out there shopping, especially with more to choose from. New listings were up 4%, and active inventory jumped by 38%. If you’ve been feeling like the pickings were slim, you’ll be happy to hear there’s more out there.

Prices Hold Steady (With a Few Twists)

The overall median closed price stayed right where it was, which speaks to a stable, balanced market. But if you zoom in, you’ll see a little movement: single-family homes went up by 2%, while attached homes (think condos and townhomes) dipped by about 2%. Most of the action happened in the $400K to $700K price range, though homes over $1 million made up a solid 14% of closings.

Buyers Have Some Wiggle Room

In May 2024, homes were selling at full asking price. This May, the closed-to-original list price ratio dropped slightly to 98.9%. That little shift gives buyers just a bit more negotiating power. On top of that, homes took a little longer to sell. 14 days on average, up from 9 days last year. That’s still a quick sale, but it gives buyers a bit more breathing room than we’ve seen in recent springs.

Month-to-Month Movement

From April to May, we didn’t see huge swings. Closed listings were up just 2%, and prices stayed even. But here’s something interesting: while new listings dipped by 2%, pending sales rose 8%, meaning buyers are eager and inventory is moving. This kind of consistency is actually good news. It means the market isn’t cooling off dramatically or heating up too fast. It’s holding steady, which makes it easier to plan.

What This Means for You

If you’re buying, you’ll likely have more homes to choose from this summer than you did last year, and a little more time to make decisions (though not too much! You’ll still want to be ready to move when the right one pops up). And if you’re selling, the right pricing and presentation are more important than ever. Well-prepared homes are still moving quickly and fetching strong offers.

At The Art of Home Team, we’re here to help you navigate all of this with clarity, care, and just the right amount of real estate nerdiness. Whether you’re looking to move soon or just thinking about a future transition, we’d love to talk through your goals and help you find what feels like home.