Inventory across the Greater Metro Denver area remained elevated in May. Compared to May of last year, active listings jumped by 42%, marking a notable increase in available homes. Pending sales were up 9% year-over-year, reflecting continued buyer demand. However, closed transactions for the month are estimated to be down around 6%–7% from May 2024. Homes are spending more time on the market as well, with the average days on market rising to 33 days—an increase of 27% compared to this time last year.

Supply - Active Listings

In May, active supply was up 12.2% month-over-month and remained elevated when compared to May 2024, which saw 9,157 active listings.

New Listings

April saw 6,772 new properties enter the market. This data point…

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