"In Denver's 2025 real estate market, the gap between perception and reality remains stubbornly wide. The common narrative suggests our market is "slow" because buyers have stepped back from purchasing. The reality is more complex. While real estate fundamentals like inventory, pricing and demand certainly matter, broader economic forces have been equally influential in shaping market activity over the past three years. Inflation, economic uncertainty and recent events like the government shutdown have created a cautious environment that affects both buyer and seller decision-making."
Amanda Snitker
Chair of the DMAR Market Trends Committee | Denver REALTOR®
- LUXURY MARKET ($1,000,000+): "Today's seller spent less time on market and achieved a contract price closer to list price than the previous owner. This month's highest-priced condo sale reinforces that the condo market is far from dead. A Laurel Cherry Creek penthouse in Cherry Creek North drew multiple offers and sold over asking price at $10,125,000 in one day. The same unit sold in 2020 for $6,742,620. Buyers are still waiting, and fighting for the best." - Keri Duffy, DMAR Market Trends Committee Member & Denver REALTOR®
- SIGNATURE MARKET ($750,000 - $999,999): "Even though the market has changed in many ways, the seasonal patterns have stayed the same. Elevated inventory levels and rising purchasing costs, from higher mortgage rates to rising HOA fees and home insurance premiums, are contributing to longer market times. Homes in this price segment spent a median of 35 days in the MLS. Is that a long time? Not historically. But compared to the "pandemic blip" of five days in 2021, it certainly feels longer." - Susan Thayer, DMAR Market Trends Committee Member & Denver REALTOR®.
- PREMIER MARKET ($500,000 - $749,999) "As we transition from our first sprinkle of snow and turkey hangover to wrapping up year-end responsibilities, it's a good time to reflect on the $500,000 to $749,999 market. Even with a notable month-over-month drop in active inventory for both detached and attached properties, this price point remains the backbone of the residential real estate market. Interest rates and broader economic factors continue to heavily influence buyer and seller behavior, and within detached homes, this range carries the most weight." - Andrew Abrams, DMAR Market Trends Committee Member, and Denver REALTOR®.
*Remarks from Pages 14-15 of the November 2025 Market Trends Report from DMAR
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