Home sales in the Denver metro area dropped by 11% in July, as days on market increased and the median sale price fell by 3%.
“The overall economic and consumer environment has experienced significant uncertainty in 2025, which is reflected in the real estate market,” said , chair of the Denver Metro Association of Realtors Market Trends Committee in the .
“Three years of sluggish sales are putting pressure on prices as buyers remain hesitant.”
July recorded 3,661 sales, down slightly from 4,128 in June, and down 7% from 3,930 in July 2024.
The month’s median close price of $590,000 is down 3% from $610,000 in June and down 2% from $599,990 last July.
Total sales volume of $2.6 billion dropped about 16% from $3 billion in June and is down about 8% from $2.8 billion a year ago.
Days on market spike
At the same time, the median days on market jumped 33% from 18 in June to 24 in July. That number’s up 50% from a year ago, when the median days on market sat at 16 days.
The number of active listings dropped slightly from 14,007 in June to 13,995 in July. But the available inventory is still up 32% from a year ago.
At 13,995, the number of active listings remains below the average of 15,379 for 1985-2024. The record high was 31,989 listings in July 2006, while the record low was 4,056 in 2021.
Summer selling season ends early
Historically, active listings increase about 6% from June to July, so the slight inventory drop last month suggests the seasonal peak is already over.
“There’s a growing perception that listings simply ‘won’t sell.’ Yet year to date, Denver Metro has seen only a 4.2% decrease in sales within this segment compared to the same time last year,” said , market trends committee member.
“The close-price-to-list-price ratio remains stable. The most notable shift is in average days in MLS increased from 33 to 40. This reflects a change in buyer behavior: today’s buyers want homes that are move-in ready, ample time to do due diligence, and the ability to move at their own pace.”
The same is true in the metro’s $750,000 to $999,999 market, where buyers remain intentional, yet cautious, said , market trends committee member.
“Buyers continue to search patiently for homes that meet all of their needs, while sellers are becoming better prepared and adjusting to shifting market conditions.”
The news and editorial staffs of The Denver Post had no role in this postap preparation.
