Metro Denver Snapshot - July 9th through July 15th

The Market in Numbers

13,173 Active Units
↑ 0.1% Week over Week

801 Closed Units
↑ 22.3% Week over Week

3.8 Months of Supply
↓ 22.5% Week over Week

1,026 Pending Units
↑ 29.1% Week over Week

31 Median Days on Market (DOM)
↓ 8.8% Week over Week

15,539 Total Showings
↑ 39.4% Week over Week

Independence Day weekend and the week following brought market trends that we have seen since mid-2022. As is typical, showings and pending transactions dipped during the holiday, then rebounded shortly after with stable active listings, increased contract activity, and more showing traffic. This coming weekend is a time to monitor seasonal trends as we enter back-to-school season and the close of summer; we should observe, not speculate. While we continue to watch and analyze market data it is important to remain flexible in your approach to buying and selling.

Regarding inventory levels, the average daily active listing count has remained relatively flat over the past two weeks. Inventory is still higher than what we have seen in recent years although the year-over-year gap is beginning to close.

Pending transactions picked up meaningfully, both week over week and compared to last year. The month’s supply of inventory dropped as more buyers moved forward with contracts—evidence of a tightening market. This metric improved last week, although it still trails last year’s levels due to higher inventory and more selective buyers. Encouragingly, the gap is closing, and momentum is building.

Showings surged after the holiday weekend and are up year over year. On average, it's taking more showings to get a home under contract, and the time to contract is longer than it was in 2024. Sellers should stay patient and focused—serious buyers are still out there, just moving more cautiously.

While the overall rate of price reductions declined post-holiday, more homes are still adjusting prices than last year. The average size of those reductions remains slightly above historical norms, highlighting the importance of strategic pricing.

Overall, the market is showing encouraging signs of gained momentum as we move towards the end of summer. There are signs of strong buyer activity as well improved contract activity. While inventory remains steady, the drop in supply and days on market suggests growing competition among buyers. As we approach the end of July and look ahead, staying informed and responsive to weekly shifts will be key. Whether buying or selling, now is a great time to assess your strategy and make data-driven decisions in this evolving market.

As always, if you have any questions about how to navigate these market shifts—whether you're buying or selling—do not hesitate to reach out!

~ Claire  ◡̈

Source: First American Title, data supplied by REcolorado®