Team Russell Market Snapshot – May 2025
Insightful Trends in the Denver Metro Real Estate Market
As we wrapped up May 2025, the Denver Metro housing market continued to show signs of a soft shift, offering both challenges and opportunities for buyers and sellers alike.
Year-Over-Year Market Trends
Inventory is on the rise—offering buyers more choices—while overall market activity showed a slight cool-down.
- Closed listings were down 5% compared to May 2024, yet pending sales rose 12%, a clear sign that buyer interest remains strong.
- New listings ticked up by 4%, and active listings surged 38%, boosting selection for buyers.
- The median closed price held steady year over year. When broken down, single-family homes saw a modest 2% increase, while attached homes experienced a 2% dip.
- The sweet spot for sales remains in the $400K–$700K range, accounting for 54% of all closings, while 14% of homes sold above $1 million.
- Sellers saw slightly less return compared to last year, with the closed-to-original list price ratio dropping from 100% to 98.9%.
- Homes took longer to sell, with the median days on market rising to 14 days, up from 9 last May.
What This Means:
More inventory means more negotiating power for buyers. However, well-priced homes are still moving quickly, especially in the mid-range price points.
Month-Over-Month Highlights
The market remained steady from April to May:
- Closed sales increased 2%, showing consistency.
- The median closed price remained unchanged.
- Pending sales jumped 8%, suggesting strong buyer interest heading into summer.
- Homes spent a median of 14 days on the market, the same as April.
- New listings slipped slightly by 2%, but demand continues to outpace supply in many areas.
Rental Market Recap
The rental side of the Denver Metro market painted a slightly different picture in May:
- Median leased prices and price per bedroom both declined 3%, potentially easing pressure on tenants.
- However, price per square foot rose 3%, possibly reflecting stronger demand for smaller, more efficient spaces.
- Leased properties increased 3%, but days on market climbed to 22 days, up from 17 a year ago.
Team Russell Takeaway
Whether you're looking to buy, sell, or invest, May’s data points to a market in transition. Buyers benefit from increased inventory and more room to negotiate, while sellers must stay sharp on pricing and presentation to stand out.
We’re here to help you navigate every shift with confidence. Let’s talk strategy—your goals are our mission.
Contact Team Russell at (970)-749-7467
