He was once in the heart of the United States real estate boom, but the city’s real estate market now faces a complete collapse as residents try to flee.
The number of houses for sale in Denver has risen to a decade, with an inventory now 99.6 percent above the long term Average, according to analyst Nick Gerli.
Gerli described the situation as «unprecedented.» «No other important city in the United States is seeing this type of inventory explosion,» he wrote in X.
High mortgage rates, insurance costs and unstable market are contributing factors to the avalanche of new listings. Some sellers are so desperate to move houses that offer crazy concessions to potential buyers.
There were 10,345 lists in the market in Denver in April 2025, compared to 5,158 in April 2024, according to the Denver Metro exhausting rents association.
«The values in Denver are now decreasing monthly, and could fall significantly for the rest of 2025 if this inventory peak is maintained,» Gerli wrote.
He predicts that the values of the houses in the city will fall 9.1 percent in the next 12 months.
Denver housing values are now decreasing monthly
It occurs when experts have warned that the markets in southern Florida and housing in Texas, particularly Austin, can also go to an accident in 2025.
The surplus of the Inventory in Denver has worked local real estate agents, because buyers are not biting.
«The change was of a pandemic boom, at reasonable and stable with the buyer’s confidence, to an increase in the new listings that are mainly of vendors that remained in an uncertain market with high rates of interest and political change,» said the local real estate agent of Denver Chris Thompson to the Daily Mail.
«The sellers of houses that have expected to see what would happen have realized that this is the new normality, and we will not return to the pandemics market where we saw historically low levels of inventory and low mortgage rates.»
Denver’s average housing price is $ 593,000, with monthly payments that exceed $ 3,700 and set many people.
For years, many Californians went into mass to Denver, looking for an affordable place for calling home. But they ended up filling the area and raising prices.
«Denver’s labor market and migration are cooling,» Gerli wrote in X. «The market is not what it was.»
Despite the increase in the listings, the rate at which prices fall is too slow, which means that the inventory is rapidly increasing, but demand is not updating.
House vendors are realizing that the city will not return to its pandemics market, said local real estate agent Chris Thompson
Denver Chris Thompson’s real estate agent has this house on the list and hopes to sell it
The labor market and migration are cooling in Denver (in the photo: in the center)
Denver was once in the heart of the United States real estate boom
«House vendors are seeing higher interest rates, so homes arrive more frequently to the market, but housing buyers have remained lower for the same reason,» said Thompson.
If more and more houses continue to reach the market and sit there, Denver runs the risk of an accident, as well as southern Florida.
«Interest rates and uncertainty in the economy of the United States with fear of an upcoming recession have led Denver housing buyers to be more cautious,» said Thompson.
‘Ascending inventory means more options and additional leverage for buyers. This has turned out that housing prices are softened compared to pandemic prices.
Thompson said there is a positive side.
«The good news is that houses that have a good price are key in hand and are marketed correctly still move,» he said.
«However, the average list has seen longer days in the market and more concessions for buyers and/or price reductions due to the largest number of new listings.»
He predicts that smart buyers have and continue to have more options in the short term, and if interest rates are reduced, we will see a purchase increase again.
(Tagstotranslate) Dailymail (T) Realestate
