Denver Metro Real Estate: Wrapping Up September in Style

As the leaves turned in the Mile High City, September 2025 closed with a real estate market that exuded stability, hinting at subtle opportunities for buyers and sellers alike. With data from the latest reports, let's explore the nuances in this dynamic metro area.

Inventory Trends

Overall Inventory

Active listings stood at 13,074 for residential properties (detached and attached combined) at month's end, marking a slight decline from August but a 19.6% rise year-over-year. This balance offers more options than last fall, tempering the pace without overwhelming the market. New listings totaled 4,963, down 9.7% from the previous month, suggesting sellers are approaching the season with caution.

Luxury Segment ($1M+)

As a subset, the luxury market above $1 million showed resilience. New listings reached 526, reflecting an 11% increase from August and 22% from September 2024. This influx provides discerning buyers with fresh high-end choices amid the broader inventory.

Sales Activity

Overall Sales

Closed sales hit 3,605 homes, a 7.7% drop year-over-year, while pending sales came in at 3,419, up 3.4% from last September. This equilibrium signals a buyer's market emerging gently, with average days on market at 52 and median at 35—enough time for thoughtful decisions without urgency overload.

Luxury Segment ($1M+)

In this premium tier, pending sales numbered 408, up 5% from August and a robust 38% year-over-year, with detached homes leading the charge at a 5.23% month-over-month gain. Closed sales reached 397, contributing to the segment's steady momentum as part of the overall activity.

Pricing Insights

Overall Pricing

Prices demonstrated poise, with the median closed price at $586,500 (down 0.7% annually) and average at $689,683 (up 3.8%). Detached homes median was $635,000 (down 0.8%), while attached hit $435,000 (up 0.1%). Total sales volume: $2.49 billion, down 4.2% year-over-year. Close-to-list-price ratios held firm at 98.31%, rewarding strategic pricing.

Luxury Segment ($1M+)

High-end properties maintained their allure, with price-per-square-foot appreciating for detached homes, though attached saw a dip. This subset underscores value in premium neighborhoods, aligning with stabilizing rates.

Market Drivers and Outlook

Stabilizing interest rates in September fostered affordability, aiding first-timers and investors, though inventory pinches in hot spots remain. Nationally, home sales rose 8.5% year-over-year, mirroring Denver's steady path and potential buyer's advantage heading into the holidays. Whether it's a sleek downtown condo or a sprawling suburban estate, preparation pays off—pre-approvals for buyers, polished presentations for sellers.

As seasoned experts in the Denver metro real estate landscape, we navigate these trends with finesse, drawing on deep insights to guide clients through every nuance. If you're a luxury buyer seeking that perfect high-end haven, we invite you to connect—let's craft your next chapter with the elegance it deserves.

Cited Sources

• Denver Metro Association of Realtors Market Trends Report (attached file: Sept Summary.pdf)
• [0] REcolorado September Housing Market Reports (https://recolorado.com/september-housing-market-reports/)
• [1] REMAX National Housing Report for September 2025 (https://news.remax.com/press-release/remax-national-housing-report-for-september-2025)
• [2] DMAR Real Estate Market Trends Report | Sep. '25 (https://www.dmarealtors.com/news/market-trends/dmar-real-estate-market-trends-report-sep-25)
• [5] Denver Market Trends (https://www.kentwood.com/blog/2025/10/09/denver-market-trends-41/)
• [7] The September 2025 Denver Housing Market: What Buyers and Sellers Need to Know This Fall (https://luxdenver.com/the-september-2025-denver-housing-market-what-buyers-and-sellers-need-to-know-this-fall/)
• [13] Denver metro real estate trends: Detached vs. attached homes (https://www.denverpost.com/2025/10/10/denver-area-home-buyers-want-houses-not-condos-or-townhomes-real-estate-voices/)
• [14] Denver housing market stays sluggish in September despite rate cut (https://www.denverpost.com/2024/10/11/denver-housing-market-stays-sluggish-in-september-despite-rate-cut-real-estate-voices/)