Some Useful Charts That Explain the June Market
The following charts were provided by Samantha Glenn of Land Title, along with this summary of the market for June 2025:
The following charts were provided by Samanth Glenn of Land Title, along with this summary of the market for June 2025:
The Greater Metro Denver housing market saw active listings continue to grow in June — a 33% increase when compared to last year at this time. New listings declined when compared to last month (-19%) but were up 3% when compared to last year. Pending sales (demand) increased 6% when compared to last year, but did see a slight decline when viewed month-over-month.
The average days on market remained high at 35 days, an increase of 30% year over year. More highlights are below.
In June, active listings were down 0.2% month-over-month but remained elevated when compared to June 2024, which saw 9,866 active listings.
June saw 5,582 new listings enter the market. This data point decreased 18.7% when compared to last month, which saw 6,869 new listings. Last year at this time we saw 5,446 new listings.
Pending sales decreased by 3% when compared to last month. Last year at this time we saw 3,777 pending sales.
Look at how the months of inventory (unsold listings) compare to prior years:
The ratio of closed price to listing price (99.1%) was the lowest of the past five years:
June saw the average days on market at 35. Last month saw 33 days and last year at this time saw 27 days, on average.
The number of showings per listing for June was at 4.6. This was a decrease of 6.1% compared to last month. Last year at this time we saw 5.2 showings per listing, on average:
Great information. The article says: "The average days on market remained high at 35 days, an increase of 30% year over year." Yes, compared to recent years since the pandemic frenzy 35 days on market is longer than it was but I don't know anyone that's followed the market historically that would call 35 days on market high. That's still a short time to sell based on a normal market. Interesting that I couldn't find one current article that defined what average days on market should be for a balanced market that doesn't favor sellers or buyers. Yes, days on market does vary by area and timing but I would say anything below 90 days on market would historically be considered a sellers market and I think many would say even longer than that to get to a balanced market.