July Metro Denver Market Review
July data is in, and it confirmed what so many in the industry have been feeling all summer: Denver is a market of contrasts. With higher inventory, slower sales volume, and higher days on market compared to last year, the shift is clear. The tenacious Denver market continues to hold values relatively stable, but buyers have become more selective and thoughtful in their process.
Inventory Levels Hold High, Detached and Attached Diverge
Active residential listings ended July at 13,995, almost unchanged from June, but up 32.23% from a year ago. New listings declined for the second month in a row, down 9.61% from June, indicating that the elevated inventory is being driven more by properties lingering on the market than by a wave of new supply. Creating a clear divide: desirable, well-priced homes drawing quick offers, while others sit active for weeks or even months, adding to the pool of available options.
Sales Volume Drops, Days on Market Climbs
Closed sales across all property types fell to 3,661 in July, down 11.31% from June and 6.84% from last July. In an expected seasonal shift, detached closings saw a steeper month-over-month drop of 13.69%, while attached homes dipped just 2.31%. Median days in the MLS rose again, reaching 24 days for all residential properties, up one-third from June and 50% higher than a year ago. This shift in pace reflects a market where buyers are not feeling the pressure of limited inventory.
Prices Stay Resilient, But Negotiation is Back
Despite slower sales and more inventory, prices have been resilient. The median price for residential properties in July was $590,000, down just 1.67% from last year and 3.28% from June – a modest seasonal dip. The close-price-to-list-price ratio slipped to 98.70%, indicating that while sellers are still achieving near-list prices, buyers increasingly expect room for negotiation, concessions, or repairs.
Sellers: Strategy Matters More Than Ever
For sellers, this is a time for strategy. Homes that are priced right and marketed well still can move quickly, sometimes with multiple offers, while others sit longer. The divide between fast-moving and slow-moving properties is widening, making professional presentation, staging, photography, and targeted marketing more critical than ever. A full-service broker like a Generator agent can make all the difference in drawing in the right buyers and securing a strong offer.
Buyers: More Choices, More Time, More Leverage
For buyers, July’s conditions brought breathing room that we haven’t seen in years. With inventory levels well above last summer and days on market climbing, there’s more time to explore options and negotiate favorable terms, particularly in the attached segment. That said, not every listing lingers. The best-prepared homes in competitive neighborhoods can still draw quick offers, so having financing ready and a clear strategy remains essential.
Final Thoughts
The July 2025 market was a dynamic one. Detached and attached homes are experiencing very different demand and traffic, and the right approach depends on which side of the transaction you’re on. For sellers, the market is rewarding preparation and challenging those who are complacent. For buyers, patience and research can pay off in terms of value. Success now depends less on market momentum and more on strategy, presentation, and adaptability.