Denver Metro June 2025 Residential Real Estate Market Update
In-depth insights on Denver’s supply, pricing, and how to succeed in 2025.
Introduction
The residential market in Denver Metro is undergoing a marked transition as we reach the midpoint of 2025. Elevated mortgage rates and a continued rise in active listings have signaled a steady recalibration in how both buyers and sellers approach housing decisions. In recent news from The Denver Post, local data from the Denver Metro Association of Realtors (DMAR) showed over 14,000 unsold listings in June. Although new properties entering the market have tapered off slightly compared to the prior month, unsold inventory still significantly outweighs completed sales, suggesting a more measured pace of transactions.
Inventory Gains and Buyer Shifts
In June, sellers introduced around 5,929 new listings, while closings hovered near 3,864, indicating that local inventory continues to build. According to DMAR’s Market Trends Reports, the resulting 3.6-month supply is the region’s highest since 2011. This surplus gives buyers extra leverage to request concessions, inspect multiple properties, and negotiate more effectively than in years past.
Despite this momentum, most prospective owners remain budget-conscious. Elevated borrowing expenses are a key factor, motivating many to focus on properties that come move-in ready or that are priced within expectations based on 2025’s rates. As a result, well-prepared homes still close swiftly, whereas overpriced or unmaintained listings may linger.
Stable But Evolving Prices
Recent analysis from West + Main reveals a June median sale price of about $665,895 for single-family homes, alongside a flat $400,000 median for condos and townhomes. Sellers eyeing last year’s price peaks must adjust to today’s realities of more competition and cautious buyers. While appreciation has slowed, price performance remains relatively stable, especially in neighborhoods where demand continues to outpace available inventory.
High-end properties show the strongest signs of oversupply. Closings above $1 million often require greater patience, as evidenced by the longer days on market reported in Rocket Homes’ June housing data. Luxury condos in particular can face 10-plus months of available listings in some areas.
Advice for Buyers and Sellers
• Buyers: If you are searching for a home, keep a close watch on fresh inventory. Sellers are more open to concessions once they realize the market has shifted. Many listings priced too high are reducing their asking amounts after only a few weeks, creating favorable conditions if you stay ready to act.
• Sellers: Price realistically from the start. Highlight property improvements, stage your home thoroughly, and prepare for longer days on market. Data from RMProLocal’s June 2025 update underscores the advantages of competitive listing prices, especially around mid-tier properties that tend to move quickest.
• Everyone: Keep an eye on inventory and interest rates. The recalibration in June signals that conditions are changing month to month. Aligning your expectations with up-to-date insights helps avoid missed opportunities.
Conclusion
A healthy level of inventory and more deliberate buyer behavior are shaping Denver’s real estate environment in June 2025. This trend is prompting sellers to reevaluate pricing strategies, while buyers grow more selective with financing options and property conditions.
Anyone looking to act on these evolving market opportunities will benefit from a knowledgeable partner. Mike De Bell Real Estate provides a personalized, data-driven approach to buying or selling in Denver Metro. With careful analysis of shifting conditions and proven negotiation techniques, it is possible to navigate 2025’s real estate climate confidently.