DENVER REAL ESTATE MARKET HAS THE MOST UNSOLD LISTINGS AVAILABLE IN 14 YEARS
The monthly update from the Denver Metro Association of Realtors reported there were 13,599 properties on the market at the end of May. That is the most unsold listings available since 2011. It is 50 percent higher than the 9,159 listings available, May 2024 and a whopping 6.5 times the number of listings available in May 2021, which is the record low for the month of May. There were 7,284 new listings in May, a 4.5 percent increase from a year earlier. That isn’t a big jump, but the backlog has been gradually building. In the first five months, sellers listed 29,881 homes and condos, up 17.5 percent from the same period in 2024, according to the report. There were 4,036 homes sold in the Denver metro area last month, a decline of 2.6 percent from April and a 9.5 percent decline from May 2024. As long as new listings continue to outpace closings, the inventory will continue to back up, putting pressure on sellers.
- Denver Post, 06.04.25
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