May 2025 Denver Real Estate Market Stats: What Buyers and Sellers Need to Know
Spring traditionally brings energy to the real estate market, and May definitely delivered on activity—but not without a few surprises. Inventory surged, buyers were active, and yet the numbers show that movement doesn’t always equal momentum. Translation? This is a market where strategy still wins the day.
Here’s what the latest data is really telling us in plain English.
Detached Homes: More Options, More Competition
Inventory made a noticeable jump in May, giving buyers significantly more options than they’ve had in quite a while. With active listings up nearly 50% year over year, sellers are clearly stepping into the spring market in full force.
That said, closed sales actually dipped slightly compared to last year, which tells us that while buyers are active, they’re also being selective. Median prices held steady month over month—good news for values—but we’re not seeing rapid upward movement either. Homes that are priced right and show well are still moving quickly, while others are sitting and waiting.
Days on market also ticked up, reinforcing the idea that buyers are taking their time and weighing their options. This is no longer a “name your price” season—it’s a “price it right” season.
Attached Homes (Condos + Townhomes): Softer and More Negotiable
The attached market continues to move at a slower pace. New listings are up here too, but buyer demand hasn’t kept pace at the same level. With closed sales down year over year and inventory continuing to build, buyers in this segment have noticeably more leverage.
This makes pricing and presentation absolutely critical. Units that are overpriced or minimally updated are seeing longer market times and more price reductions. On the flip side, well-prepped and properly priced condos and townhomes are still selling—they just require a more thoughtful approach.
For buyers, this part of the market offers some real opportunity: more choices, more room to negotiate, and less pressure to make rushed decisions.
Final Thoughts
May reinforces what we’ve been seeing all year—this is truly a market of micro-trends. Some homes are flying off the shelf, others are sitting, and the difference almost always comes down to price, condition, and location.
For sellers: The market rewards preparation and realism. Strong presentation, great photos, and competitive pricing are everything right now.
For buyers: You’ve got more breathing room than you’ve had in years, but the best homes are still competitive—so preparation still matters.
If you’re curious how these trends apply to your specific neighborhood, your home’s value, or your next move, we’re always happy to help you break it down and build a smart plan.
– The Tucker Team