Blog > Something HUGE is About to Happen to The Denver Housing Market
Denver Housing Market February 2025: What the Stats Show
Denver's January 2025 numbers are out, and the market shifted hard. Inventory jumped 33% year-over-year, the median price hit $552,000 (up 4%), and homes now average 67 days on market before going under contract.
Is the Denver housing market crashing in 2025?
No, Denver's median home price rose 4% year-over-year in January 2025, hitting $552,000.
People have been predicting a Denver crash since 2015, and they've been wrong every year. I look at actual stats, not headlines, and the January 2025 numbers tell a different story.
Median close price came in at $552,000, down slightly from December's $555,000 but up from $531,000 in January 2024. Pending sales hit 5,100, about 2.9% higher than last year. Closings totaled 3,800 across the metro, up roughly 8.6% year-over-year.
Yes, inventory is up 33%, which matters. But that's a normalization, not a collapse. We're still well below the inventory peaks from 2010-2012, when the market was actually in crisis. The shift means buyers have more leverage and sellers need realistic pricing, not that values are falling off a cliff. Denver is rebalancing, not crashing.
How much inventory is on the Denver market right now?
Active Denver Metro inventory sat at 14,660 homes in January 2025, a 33% jump over January 2024.
New listings exploded from December to January, going from 3,400 to 7,100. That's more than double, and well above last year's December-to-January jump (3,000 to 5,600). A lot of expired listings also came back on.
Months of inventory ticked up from 2.5 in December to 2.6 in January. We peaked at 3.8 months last August. For context, January 2024 was at 2 months, so we're running 30% higher on supply.
When I pull back to the 15-year chart, inventory has trended down since 2010, bottomed out in 2021-2022, and is now climbing back to healthier levels. If we top last September's peak this year, that'll be the highest inventory we've seen in 12 to 15 years, and prices would likely respond. For now, it's still a balanced range.
How long does it take to sell a home in Denver?
The average Denver home spent 67 days on market before going under contract in January 2025.
Add another 30 days to close, and you're looking at roughly three months from list to keys. That's the average, though, and averages hide a lot.
Price point matters. Neighborhood matters. How much competing inventory exists for your buyer's box matters most. I had two listings go live in the last two weeks. One was a ghost town. The other got multiple offers the first weekend. Same broker, same marketing, totally different results based on price and product.
Showing activity backs this up. Listings average 6 showings per month, down from 7.2 in January 2024. It takes about 17 showings on average to land a contract. Buyers haven't disappeared. There's just more inventory competing for their attention, so sellers need sharper pricing and presentation to stand out.
Is it a good time to sell a house in Denver?
Sellers who list in March, April, or early May net 5-8% more on average than any other time of year.
Looking at 2024's pattern, the median price moved from $530K in January to $548K in February, $570K in March, and hovered near $580K through June. Same script plays out most years.
If you're thinking about selling, getting your home prepped now to hit the market in March is the move. You're targeting peak buyer demand right as inventory hasn't fully built up. By summer, more competition usually softens pricing power.
That said, with inventory 33% higher than last year, expectations need to be realistic. Overpricing in this market is the fastest way to sit for 90+ days and then take a price cut anyway. I tell sellers to price sharp, present well, and use the seasonal tailwind. The data has been consistent on this seasonal pattern for years, and 2025 should follow the same curve.
Is it a good time to buy a house in Denver?
Buyers in early 2025 have access to 33% more active listings than they did one year ago.
More inventory means more negotiating room. Homes are sitting longer, sellers are doing price reductions, and the pressure-cooker bidding wars from 2021-2022 are mostly gone outside of specific neighborhoods and price points.
Interest rates are still high, and that's the real cost factor. But here's the thing: when rates drop, demand will surge and prices will likely follow. Buying during a higher-rate, higher-inventory window and refinancing later is a strategy worth considering. You compete with fewer buyers now.
Pending sales are up 2.9% year-over-year, so buyers are still active. They just have more choices. If you find the right house, you can probably get inspection items addressed, ask for concessions, and avoid the over-asking offers that defined the pandemic market. For the right buyer in the right price range, this is a window worth taking seriously.
How do I track my home equity in Denver?
I built a free home equity report tool that tracks value, loan balance, and equity month over month.
Most people track their 401k, their stocks, their crypto. Almost nobody tracks the equity in their home, which is usually their largest asset. That's backwards.
The report I'm offering uses a stronger algorithm than Zillow or Redfin estimates. It pulls recent sold comps in your area, tracks your home's value trend, shows your current loan balance with principal versus interest paid, and calculates real equity in your pocket today.
Why does that matter? If you're thinking about a move-up purchase, an investment property, a HELOC for renovations, or a refinance when rates drop, you need to know your actual equity position. Not a guess. Not what Zillow thinks. The report is free for anyone who wants it, and there's a QR code or link in the original video description. Knowing your equity is the first step in any real estate decision.
Video Chapters
Full Video Transcript
Full transcript from this video, organized by chapter. Click any timestamp to jump to that moment in the video.
Market Overview & Inventory Trends
[0:00] everybody's been wrong about what the Denver real estate market is going to do I mean since 2015 they've been calling for the end of the world and the market to crash that's why we like to look at Stats here only instead of just the headlines to tell you exactly what is going on in the Denver real estate market my name is Alex San been a local Denver agent since 2010 uh helping hundreds of buyers sellers relocating across the Denver area and it's the beginning of February 2025 which means January numbers are out so are we continuing on Trend with year-over-year are we more of a slump what's the inventory doing is it a good time to buy is it a good time to sell and we're just going to jump right into it now stay tuned because I've got something really cool it's a new tool for all of you guys for free all of my followers listeners uh and I'll show you how to utilize this because this is really cool new listings what we're looking at here is a fiveyear chart now we have a massive jump in inventory from December to January from 3400 up to 7,100 that's almost double heck I think that's more than double of the amount of inventory that's coming onto the market from December to January new listings new people coming on now is that on Trend last year we went from 3,000 to 5600 so just about how about the year before went from 3,000 up to 4700 so December is our low and then we tick up well in January 2022 was our hyper year we only jumped up by about what 15 20% uh but this year we got a lot more new listings hitting the market a lot of stuff went expired though okay now active on the market this is where we always start to Trend up January December are usually our low points for inventory for the year and we can see the amount of active inventory went from 14,500 up to 14,660 so really the stuff that's coming on is matching what's being sold and off the market essentially we'll look at closed numbers in a moment here what were we last year January was actually the low of uh active listings and December was just a little bit higher so buck in the trend a little bit here but just kind of kind of flat the year before February was the low in 2022 January and February were about the same so you know expect February numbers to be kind of on par with the amount of active listings there if we see a big spike here in February uh we know that prices might get depressed a little bit or or at least stay flat through the through the spring selling season uh we'll find out and I'll keep you posted now pending so this is what's driving everybody right now this what all the media is always talking about right is how many properties are actually closing well pending is going under contract and will'll be set to close in the next you know 30 60 90 days whatever it is January was our low this year of 3900 under contract we jumped up to 5,100 compared to last year that's 30 700 up to 5,000 in January so we bumped up a lot last year uh and that's about the same Trend this year and we're about 2.9% more under contract than what we were last year now to go back to active inventory how much more are we we have 33% more active inventory in 2025 so far than we did in 2024 that's pretty significant it's a third more inventory in the entire Market to choose from so what's that going to do well when people have more options things sit on the market for a little bit longer if sellers need to sell they start doing price drops right and we'll look at that here in a minute too uh so that's kind of a significant number now actually going back here sorry I'm backtracking back to active listings when we look at the trend this is the last 15 years of data going back to 2010 we can see 2010 crisis Crisis crisis 2012 was about when prices bottomed out and we can just see that the trend on inventory has just been slowly going down kind of flat and then 2021 and 22 hit um bottomed out like nothing was for sale and then boom we're back on the rise again so I still think we're in a healthy environment for the amount of active inventory if we Peak above this year's September number like all right that's going to be the most amount of inventory we've had in the last 12 to 15 years so expect prices to do something the amount closed all right 3,800 closed in January of 2025 across the entire Denver Metro Market what was it like last year 3500 so 88.6% more closed this year but these are still really small numbers ladies and gentlemen so I wouldn't get too wrapped up in this all it's telling me is that we're on Trend uh you know during the busy years January still the low 4,300 versus this year 3,800 like four or500 four or 500 homes difference from this year to like the crazy Mania in 2021 and 22 nothing to write home about now days in MLS this is a big conversation I'm having a lot lately with sellers right setting the right expectation how long is it going to take to sell my home well the average right now is 67 days on the market before going under contract meaning then another 30 days after that so you're looking at about three months on average now that's the average that doesn't mean anything obviously different price points different neighborhoods how much inventory is available for your buyer's box that would be looking at your house it it just varies greatly it could be a weekend right we've had two go live the last two weeks uh one is kind of a ghost town and the other one we had multiple offers on right it just is what it is I want you to check something out here I've got this new home report tool now this isn't just what we think your home might be able to sell for this is a better algorithm than you're going to find on Zillow or redin or anything like that this is a lot more uh structured um it I pay a lot of money to have these reports done but I'm giving it all to you guys for absolutely free and so it'll go through and give you a rough idea what your home might be worth uh you know any increases or decreases over the months right you can see the price trending here uh recently sold comps but then the interesting part is actually your home equity right at the end of the day who cares what your house can sell for you want to know how much you're going to be left within your pocket right so it can track your loan how much you've paid on the principal versus interest and your current home Equity so that way if you were making a decision on if you're going to buy an investment property if you're going to move up or do a lateral move like what does that look like how much home equity do you actually have in your property or if you're looking to do renovations right and take out a HELOC um what does that potentially look like as well as what doing a refi could get you right if you were to do a 15year or an adjustable rate a 30-year fixed rate like and you can reach down now granted interest rates are high right now but as they start to decline um or drop like there might be some opportunity there uh so I mean you track your 401k right you track your stocks um you track your Investments but not many people actually track the equity in their home to all your basic information it'll kick out this home report for you um and of course if you have any questions you know we can we can chat about it um so that's my new tool free for you 2.5 months of inventory in December 2.6 months of inventory in January just ticking up slightly we peaked out at about 3.8 in August last year we were at two months of inventory in January so we're 30% higher right which matches with the amount of active listings are on the market uh so pay attention to this showings what's showing activity looking like well right now average showings per under contract so you're on the market how many showings does it take before you go under contract you're looking at almost 17 right now that's the average and then we're seeing in January six showings per listing so that's point to about 2 and a half months on the market uh before under going under contract and that is down so last year where were we at here in January we had 7.2 showings so we're down you know year-over-year and how many showings per listing Well there's probably just as many buyers there just happens to be more inventory available okay and then what you've all been waiting for and sorry I've kept you waiting what is the median close price doing we ticked down in January down from 555 down to 552 but that is still up 4% year over-ear last year we were at 531 and this year we're at 552 um so you know that's still that's still a decent clip up uh I was a little surprised at that what we're going to see over the next three to four months as we always do is this number just like last year right January 2024 we were at 530 then we were at 548 then we were at 570 and we kind of hovered all the way up to 580 in June um so again harpen March April very beginning of May are the best months to be a seller you will net on average five to 8% more than you will at any other time of year and again if you want to know how much your Equity is and how to put that to work for you there's your QR code go ahead and scan it or there's a link in the description below but if you want to know how we're getting sellers up to $95,000 or more for their house just go ahead watch this video
Historical Inventory Analysis
Current Active Listings Data
Days on Market & Seasonality
New Home Report Tool Introduction
Price Analysis & Market Metrics
Frequently Asked Questions
What was the median home price in Denver in January 2025?
The median close price in Denver Metro was $552,000 in January 2025. That's down slightly from $555,000 in December 2024 but up 4% from $531,000 in January 2024. Expect the median to climb through spring as it has in prior years.
How many homes are for sale in Denver right now?
Active inventory in the Denver Metro market reached 14,660 homes in January 2025. That's about 33% higher than January 2024 and represents 2.6 months of supply, up slightly from 2.5 months in December.
Are home prices going to drop in Denver in 2025?
Based on current data, a major drop is unlikely. Prices are still up 4% year-over-year and seasonal patterns suggest the median will rise through spring. If inventory peaks above last September's high, prices could flatten, but the data doesn't support a crash scenario.
How long does it take to sell a house in Denver?
The average Denver home took 67 days on market before going under contract in January 2025, then roughly another 30 days to close. That's about three months total, but results vary widely based on price point, neighborhood, and how well the home is priced and presented.
When is the best month to sell a house in Denver?
March, April, and early May are historically the strongest months for Denver sellers. On average, homes listed in this window net 5-8% more than at other times of year. The 2024 data showed prices climbing from $530K in January to $580K by June.
Is Denver still a seller's market in 2025?
Denver is shifting toward balanced. With 2.6 months of inventory, it's technically still leaning seller-favorable (under 6 months is a seller's market), but the 33% inventory increase year-over-year gives buyers more options and negotiating room than they had in 2024.
How does showing activity compare to last year in Denver?
Average showings per listing dropped to 6 in January 2025, down from 7.2 in January 2024. It takes about 17 total showings on average for a Denver home to go under contract. Buyer activity is similar to last year, but more inventory dilutes showings per home.
Should I buy a house in Denver now or wait for lower interest rates?
Waiting for lower rates often means competing with more buyers and paying higher prices. Buying now with 33% more inventory gives you negotiating leverage. You can always refinance when rates drop, but you can't recapture the lower purchase price once demand surges back.
Thinking about buying or selling in Denver?
Call or text (303) 552-4804 for a no-pressure conversation about your situation.
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