Denver Metro Housing Snapshot: September 2025—Inventory Edges Up, Prices Hold Near $590K

As of September 2025, Denver Metro’s residential market exhibited mild seasonal cooling, with stable pricing and a slightly higher supply. The median close price landed at $589,900 (▼0.56%), indicating a modest month-over-month softening rather than a directional shift. Closed homes totaled 3,366 (▼8.78%) and sales volume reached $2.34B (▼11.52%), consistent with typical late-summer to early-fall slowdowns. DMAR

On the supply side, active listings ticked up to 13,074 (▲0.11%) and new listings measured 4,968 (▲6.18%). Combined with slower absorption, this pushed months of inventory to 3.89 (▲8.36%) and nudged median days in MLS to 35 (▲16.67%). Pending sales posted 3,585 (▼2.05%), indicating a slightly lighter pipeline heading into October. These movements suggest a market that’s broadly balanced, with conditions varying by micro-location and price tier but without abrupt swings at the aggregate level. DMAR

What this means for the Denver Metro market overall: pricing remains comparatively steady while buyers have incrementally more time and options than earlier in the year. The increase in supply and days on market, paired with flat-to-slightly-lower prices, supports measured expectations for the fall. Appraisals and pricing decisions should continue to emphasize hyper-local comps, list-to-sale price trends, and exposure times, as the metro-wide indicators point to normalization rather than acceleration. 

Key September 2025 Metrics (Overall Residential):
• Median Close Price: $589,900 (▼0.56%)
• Active Listings: 13,074 (▲0.11%) | New Listings: 4,968 (▲6.18%)
• Pending Sales: 3,585 (▼2.05%) | Closed Sales: 3,366 (▼8.78%)
• Months of Inventory: 3.89 (▲8.36%) | Median Days in MLS: 35 (▲16.67%)
• Sales Volume: $2.34B (▼11.52%) DMAR

For appraisals or valuation needs, contact VolkHaus Appraisals at 720-583-3200.