Is It a Buyer’s Market in Denver Right Now?

What buyers are asking:

Is the Denver real estate market finally shifting in their favor?

Quick answer:

Yes, it is. The Denver housing market has pivoted. Inventory is rising, homes are sitting longer, and sellers are offering more price reductions and concessions. Buyers have more leverage today than they’ve had in years, though prices and interest rates still require smart planning.

More Inventory Means More Opportunity

If you've been house hunting in the last few years, you know how tight inventory was. That’s changed. According to the Colorado Association of REALTORS®, the Denver metro area reached about 4.4 months of inventory in June. That’s the highest level since 2013.

More inventory gives you more options. You can compare homes, schedule second showings, and negotiate without the pressure of a bidding war. You may even notice listings staying active for weeks, not days. That’s a major shift from the pandemic-fueled market.

This kind of breathing room gives you space to make decisions based on value and fit, not just urgency.

Homes Are Staying on the Market Longer

One of the biggest shifts is how long homes are taking to sell. In July, the average time on market for single-family homes in Denver reached 40 days. Condos and townhomes averaged 55 days.

These longer timelines are a direct benefit to buyers. You can take your time, think through your decision, and craft a smart offer that fits your needs. It also gives you leverage during inspections and negotiations, especially if the seller is on a timeline or has already adjusted the list price.

Price Reductions and Seller Concessions Are Common Again

Roughly 38 percent of Denver listings had a price cut in June. That's a clear sign that sellers are adjusting expectations. Even more telling, over 60 percent of closed deals in July included some form of seller concession, often helping buyers cover closing costs or reduce their mortgage rate.

This is one of the most important changes in today’s Denver housing market. The ability to negotiate on more than just price opens up creative solutions. Buyers can request credit toward appraisal gaps, funds for rate buydowns, or help covering repairs. These were almost unheard of during the peak market.

Denver Home Prices Remain Elevated

While the market has shifted, prices haven’t dropped dramatically. The median price for a single-family home in Denver is still hovering around $650,000. Condo and townhome prices have dipped slightly, with the median closer to $390,000.

In many neighborhoods, prices are holding steady. Some higher-end areas are seeing subtle softening, while entry-level and mid-tier markets remain competitive. The biggest price flexibility right now often shows up in homes that need work or are less turn-key.

That’s why buyer strategy still matters. You’ve got more room to negotiate, but affordability is still tied to your financing, monthly payment, and long-term plan.

Strategy Tips for Today’s Buyers

Even though the market has cooled, buyers who show up prepared are the ones getting the best deals. Here’s what that looks like:

• Get pre-approved early. This positions you to act confidently and negotiate with credibility.

• Don’t overlook stale listings. Homes that have been sitting may be ripe for a better price or stronger concessions.

• Ask about seller motivation. A seller who’s already bought another home is more likely to negotiate.

• Factor in long-term value. With rates still relatively high, look for homes that make financial sense over a five-to-seven-year horizon.

Buyers who pair patience with clear expectations are having more success than those waiting for a major price drop.

Final Takeaway

This is a buyer’s market in Denver, but not a bargain market. You have more choices, more time, and more room to negotiate. But you still need to be prepared. The buyers who win in this market are the ones who come in informed, focused, and ready to act when the right home hits.

Next step: Want help navigating the market with clarity and confidence?

Let’s talk. I’ll help you explore your options, evaluate opportunities, and make smart moves in today’s market. Give me a call or send me a text to 720-807-2385, email Sean@HealeyGroup.com or follow me on Facebook or Instagram.

Want get started on your home search? CLICK HERE