June Metro Denver Market Review

The end of June marks the halfway point of the year, and the Denver Metro housing market showed continued signs of recalibration. Inventory grew for the sixth consecutive month, home prices remained steady, and the average days on market continued to climb. 

Inventory Levels Tick Up Again

Active residential listings rose to 14,007 in June, a 3.00% increase from May and a 37.14% increase from 2024. Detached homes made up 9,634 of those listings, a 5.74% month-over-month increase, while attached inventory declined slightly to 4,373. While June is typically one of the most active months for new listings, this year saw an 18.43% drop from May. The increase in inventory may be driven more by lingering listings than by new sellers flooding the market.

This buildup is creating more choices for buyers, but also stretching out the timeline for sales. Days on market are increasing, and buyers are approaching the process with more caution and selectivity than in recent years.

Sales Volume Down, Days on Market Up

Closed sales were down 9.59% from May, with 3,864 homes closing in June. That’s also down 1.65% year-over-year, despite more homes being available. Meanwhile, the median days on market continued to climb, reaching 18, up from 13 in May and 12 in June 2024.

For detached homes, the median days in the MLS rose to 16, a 60% increase from May, and attached homes reached 30 days, a 20% increase. This aligns with what we’re seeing ourselves: well-prepared homes in desirable locations are still moving, but anything that isn’t well-priced and move-in ready may end up sitting on the market for longer.

Prices Remain Stable, Even as Buyers Gain Leverage

Despite increased inventory and slower sales, prices remained resilient. The median price for all residential properties rose to $610,200, representing a 1.70% month-over-month and year-over-year increase. Detached homes saw only a modest 0.13% increase, likely reflecting a higher share of lower-priced sales.

The close-price-to-list-price ratio dipped slightly to 98.99%, a sign that buyers are negotiating and often requesting concessions, especially on homes that aren’t turnkey.

We also look at months of inventory (MOI) to gauge the market’s strength. A lower MOI (typically under 3 months) signals a seller’s market, while a higher MOI (over 6 months) points to a buyer’s market. In June, detached homes had about 3.15 months of inventory, while attached homes climbed to 5.43 months. These figures suggest the market is continuing to move toward balance, with the attached segment now leaning more buyer-friendly.

Sellers: Strategy Matters More Than Ever

This is not a frenzied market where everything sells quickly regardless of preparation. In slower conditions like these, real estate agents have the opportunity to make a real difference. At Generator, we’ve seen firsthand how strong marketing, professional photography, detailed listings, and pricing strategies can bring the right buyer to the door – even when the broader market pace slows.

Sellers who want results today must rely on feedback and stay flexible. Staging, condition, and pricing are not just helpful; they’re essential.

Buyers: Breathing Room Returns, But Readiness Still Matters

For buyers, this market offers more time, more options, and more negotiating power than we’ve seen in years. With inventory levels exceeding two months across all price points, and even higher in luxury segments, buyers can take a more deliberate approach. That said, not all homes are sitting. Turnkey properties in desirable locations are still selling quickly, so having a clear strategy and remaining ready to act remains essential.

Final Thoughts

The June 2025 market continues its shift toward balance. Rising inventory and a slower pace have brought more opportunity for buyers—and more pressure on sellers. Prices are holding steady, but the underlying conditions show we’re no longer in a “hot” market; we’re in a selective one. Buyers are being cautious. Sellers need to be strategic. Success now depends less on market momentum and more on preparation, presentation, and timing. As we head into the second half of the year, those who are willing to adapt to the market we have, not the one they hoped for, will be the ones who find results.