Denver Metro July '25 Market Update....
🏡 Another month, more eye opening stats....👀
✅ Total Actives - 13,346, UP 23% year over year
✅ Pendings - 3,941, UP 5% year over year
✅ Median Days on Market - 24, UP 60% year over year
✅ Median Home Price - $585,000, DOWN 1% year over year
✅ Number of Sales - 3,664, DOWN 3% year over year
Actives are still up quite a bit year over year, but net new listings have slowed the last several weeks.
Median days on market continues to have a wide gap compared to last year - now up 60% compared to last year. 📈
And now median home price is down 1% since last year, and dropped 2% from last month. 📉
It appears sellers are having to make a choice. Lower their price to sell, or allow their house to continue to sit on market. 🏷️ Or, some are choosing to pull off market entirely, rent it out, and try again next year....