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 increased 10.6% when compared to last month, which saw 6,121 new listings. Last year at this time we saw 5,707 new listings.

Demand - Pending Sales

Demand, a snapshot of new pending sales, decreased by 3.2% when compared to last month. Last year at this time we saw 4,152 pending sales.

Percent of Closed Price to List Price

This data point was equal to last month. Last year at this time we saw 99.8%.

Average Days in MLS

May saw the number of days on the market at 33 days, on average. Last month saw 36 days and last year at this time saw 26 days, on average.

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Reports based on data from REColorado®, Inc.

GREATER METRO DENVER INCLUDES THE FOLLOWING COUNTIES:

Arapahoe, Adams, Broomfield, Denver, Douglas, Elbert and Jefferson
Reports are based on information from REColorado®, Inc. for the period shown in title. Note: This representation is based in whole or in part on content supplied by REColorado®, Inc. REColorado®, Inc. does not guarantee nor is in any way responsible for its accuracy. Content maintained by REColorado®, Inc. may not reflect all real estate activity in the market. •Information deemed reliable but not guaranteed.

Mortgage Data Source: Freddie Mac

Posted by Neil Walton on June 2nd, 2025

June 2025: Denver Real Estate Market Update