Housing Market Reports
Year-Over-Year Insights
In May 2025, the housing market showed signs of softening with fewer homes closing and growing inventory. Closed listings declined 5%, however, the number of homes that went under contract increased 12%, showing continued buyer activity. Inventory continues to expand, giving buyers more choices: new listings were up 4%, and active listings rose 38% year-over-year.
The median closed price remained unchanged overall, but single-family homes saw a 2% increase while attached homes saw a 2% decrease. Most closed activity occurred in the $400K–$700K range (54%), with 14% of homes selling over $1M.
The closed-to-original list ratio dropped from 100% in May 2024, to 98.9% in May 2025. Homes took longer to sell, spending a median of 14 days on the market—five days more than last year. More inventory means more options and slightly more negotiating power, though well-priced homes still move fast.
Month-Over-Month Insights
The housing market held steady in May. Closed listings increased by 2% and the median closed price remained unchanged from April. Homes spent a median of 14 days on the market, consistent with the prior month, indicating stable buyer activity and market pace. New listings dipped slightly by 2%, pending sales jumped 8%, suggesting rising buyer demand is quickly absorbing available inventory.
Denver Metro Rental Market
Year-over-year, the rental trends were mixed. The median leased price dropped 3%, and price per bedroom also declined 3%, potentially easing pressure on renters. However, price per square foot rose 3%. Leased properties increased 3%, indicating steady demand, though rental properties took longer to rent, spending a median of 22 days on the market—five days more than last year.
