Metro Denver Snapshot - June 18th through 24th

The Market in Numbers

13,233 Active Units
↑ 2.4% Week over Week

747 Closed Units
↓ 13.7% Week over Week

 918 Pending Units
↓ 6.8% Week over Week

24 Median Days on Market (DOM)
↓ 11.1% Week over Week

3.3 Months Supply
↑ 9.9% Week over Week

5,239 Total Showings

This upcoming weekend is Independence Day— a key time in the summer market. This is a notoriously slow time of year and marks a turning point into the second half of the real estate cycle. While different listing strategies can be considered, it would be wise to hold off until after the holiday weekend before implementing any changes. This means any price adjustments, listing realignments, or new upcoming listings should be happening the second weekend of July. If your circumstances make it so you have to list over the holiday weekend, I would recommend launching as early in the week as possible to capture buyer attention before people head out for the holiday.

Inventory levels increased slightly week-over-week, but the year-over-year gap continues to shrink. Despite the inventory being significantly higher than this same time last year, the pace over year-over-year growth has moderated in recent weeks. For listings in "coming soon" status we saw a stark jump both week-over-week and year-over-year which signifies a steady and healthy pipeline of new inventory preparing to enter the market.

While pending transactions saw a slight decline last week, both compared to the previous week and the same time last year, sellers still have strong opportunities—especially those who are well-prepared and strategically priced. As mentioned previously, inventory levels remain elevated, giving buyers more options, but also signaling a more balanced market. The predictive month’s supply of inventory ticked up modestly, reversing a recent trend of narrowing year-over-year gaps. However, this shift also creates space for motivated sellers to stand out.

The odds of selling within the next 30 days dipped slightly but are gradually closing in on last year’s pace. With thoughtful pricing, compelling marketing, and a polished presentation, sellers can still attract serious buyers—even in a more competitive landscape.

Showing data is encouraging for sellers as showings increased week-over-week and also rose modestly compared to this time last year. On average, homes within the Denver-metro area had just over one showing per week; more showings were needed to go under contract. Median days on market decreased slightly from last week but sits well above last year's figure. We saw less price reductions this week compared to last, although nearly half of the homes that went under contract had reduced their asking price. The size of those reductions, however, increased—sellers are negotiating more in order to secure offers.

As we head into the final weekend before Independence Day, the market continues to offer opportunities for both buyers and sellers who are prepared and informed. While seasonal shifts and broader uncertainties may influence activity, the underlying dynamics remain steady for those who stay proactive. Whether you're thinking about entering the market now or planning ahead for the second half of the year, strategic timing and expert guidance will be key. As always, I’m here to help you navigate the path forward with clarity and confidence.

~ Claire  ◡̈

Source: First American Title