Denver October 2025 Market Update: Balancing on the Edge of Change

A Slow Fall Into Balance

The Denver metro housing market continued to cool in September as both buyers and sellers adjusted to seasonal rhythms and economic crosswinds. According to the latest data from the Denver Metro Association of Realtors, new listings dropped 10.27% month-over-month, while active listings still rose to 9,640 homes—a 16.2% increase year-over-year.

Translation? More homes are sticking around longer, giving buyers a little breathing room while sellers face a reality check on pricing and presentation.

Prices Holding Steady (For Now)

Despite the increased inventory, prices are holding firm—at least for now.

Median Closed Price: $585,000 (down 1.35% from last month, up 1.74% YoY)
Average Closed Price: $690,158 (a 1.77% drop month-over-month)
Price per Sq. Ft.: down slightly to $307

The dip is modest but signals that sellers no longer hold all the cards. Buyers are more selective, often passing on homes that aren’t “move-in ready” or properly priced.

Buyer Hesitation Is Real

Interest rates have stabilized but remain a psychological barrier. Many would-be buyers are still in “wait and see” mode, hoping for rate cuts later in 2025. This shows up clearly in the data:

Pending Sales: down 5.4% month-over-month
Closed Sales: down 10.1% from August
Days on Market: up to 33 days on average, compared to 29 in August

For the first time in a while, it’s not uncommon to see listings go through multiple price reductions before finding their match.

Luxury Market Snapshot

The luxury segment (homes priced $1 million and up) mirrored the overall market but continues to show resilience.

Luxury Active Listings: up 14% YoY
Luxury Median Price: $1.56M (down slightly from last month)
Average Days on Market: rose to 47 days

Luxury buyers remain active but far more value-conscious—expect high-end listings to take longer to sell unless they truly stand out in design, location, or amenities.

Condos and Townhomes: The Quiet Comeback

While detached homes saw a minor slowdown, the condo market showed quiet signs of life.

Median Attached Home Price: $440,000 (virtually flat from August)
Days on Market: 37
Inventory: up 22% YoY

Condos are once again becoming attractive for buyers who feel priced out of single-family homes. The challenge remains HOA fees, which can make or break affordability for first-time buyers.

Looking Ahead: A Market of Micro-Trends

As we move into Q4, the Denver market is acting less like one big wave and more like a collection of small ripples.

Neighborhoods with tight inventory and renovated homes are still seeing multiple offers.
Homes needing updates or priced above market value are sitting—sometimes for 60+ days.
Seasonal slowdown will likely deepen through the holidays, offering savvy buyers more negotiating leverage.

Sellers who are serious about moving before year’s end will need to lean into strategic pricing and strong presentation—this is not the market for “let’s test the waters” listings.

Final Thoughts

We’re entering a more balanced, thoughtful phase of the Denver market—one that rewards realism and readiness over hype. Buyers are patient but not gone, and sellers still have opportunities if they’re willing to play the long game.

If you’re thinking about making a move, now’s the time to get your strategy right before winter fully sets in. Contact me or watch my YouTube series here to start prepping for your next move.