Denver Metro Real Estate Market Update

Denver Metro Real Estate Market: What Buyers & Sellers Need to Know This Fall

The Denver Metro real estate market continues to prove its strength, even as national housing headlines paint a mixed picture. Here at home, the market is steady, balanced, and full of opportunity—whether you’re preparing to sell your home or start your next search. Let’s break down what’s happening this fall and how it impacts you.

Market Snapshot: A Balanced, Healthy Pace

While the days of frenzied bidding wars are mostly behind us, the Denver Metro market is far from quiet. The pending ratio—the number of pending sales compared to active listings—sits around 28%, showing consistent buyer demand without overheating.

Homes are spending a median of 60 days on the market if still active, but those that are priced right are going under contract in just 24 days. Well-prepared, move-in-ready homes continue to shine.

Pricing & Negotiation: Staying Steady

Pricing remains healthy and consistent:

• Median Sold Price: $609,000

• Median Active List Price: $615,000

On average, homes are selling for about 98.8% of their final list price. That means buyers are negotiating a bit—but sellers are still achieving close to asking when homes are priced strategically and show well.

Inventory & Market Balance

Denver Metro currently sits at 3.5 months of supply, signaling a market that’s leaning toward balance. This means neither buyers nor sellers hold a dominant advantage—a welcome change from the extremes of past years.

Advice for Buyers

• Act Quickly, But Thoughtfully: Homes that are priced right don’t last long. With a median of 24 days to sell, be ready with financing and make a confident offer when you find “the one.”

• Negotiate Smartly: You’ll likely have some room to negotiate, but don’t expect steep discounts. Focus on recent comparable sales and property condition to guide your offer.

• Take Advantage of Balance: With more listings to choose from, you can take a breath—just don’t wait too long and miss a great opportunity.

Advice for Sellers

• Price Strategically: Data shows that competitively priced homes sell within a month. Overpricing leads to longer wait times and eventual price cuts.

• Prepare to Impress: A clean, staged, and well-maintained home can make all the difference. Buyers connect emotionally with homes that feel ready to move into.

• Be Flexible: With more choices on the market, buyers appreciate flexibility. Consider offering small incentives like closing cost help or flexible move-in dates to make your listing stand out.

Looking Ahead: What’s Next for Denver Metro?

Expect continued stability through the remainder of fall. Inventory isn’t high enough to tip the scales in buyers’ favor, but affordability and interest rate pressures may temper price growth. The result? A market that rewards both preparedness and patience.

The Bottom Line

The Denver Metro housing market remains healthy, balanced, and full of opportunity. Buyers can make confident decisions with more breathing room, while sellers can still achieve great results with smart pricing and solid presentation.

For a personalized look at your neighborhood or to discuss your real estate goals, reach out to Russ Porter and the Keller Williams DTC team—we’re here to help you make the most of today’s market.