August 2025 Market Review + Updates

Pending sales increased 8.37% over last month. More buyers are ready to put an offer in on a home. Median close price increased .81%, also showing more buyer activity and confidence in the overall market. Buyers continue to offer below asking price with excess inventory and longer days on market. It is certainly a great opportunity for buyers who have been waiting.

This summer, Denver had the highest share of listings in the US with price reductions with 36.8% making at least one price cut. Mortgage rates also hit the lowest point they have been all year to about 6.5%.

Active listings at the end of August started to drop, which is typical of this time of year. We’ve still got more listings on the market compared to the last decade, which presents great opportunities for buyers who have been waiting.

New listings have also dropped. Sellers understand that if their house isn’t prepped to perfection or priced below the market, it will sit for longer than in the past few years. New listing patterns are on par with previous years, but simply aren’t selling as quickly because buyers have so many more homes to choose from.

Median days on the market continued to rise in August, and homes are on the market for a median of under 30 days for single-family and under 45 days for attached homes. This stat is very neighborhood-dependent, and we are seeing ‘micro-markets’ in the Denver Metro.

Pending sales increased slightly in August, which is great for both buyers and sellers! Buyers are ready to get under contract and close before the end of the year, and sellers are ready to make concessions and work on inspection resolution items as well. Many sellers are making price reductions before getting under contract, which is also helpful for buyers.

Home prices closed for more money in August than they did in July on median and average. Sellers are listing closer to what the market is closing for or making price drops to get there. Buyers and sellers are more willing to ‘meet in the middle’ and some homes even have multiple offers.

If you are curious what any of these stats mean for you, your current home, or buying or selling in this market, I am here for you!