Denver

CODenver-Aurora-Lakewood

Real Estate Market Analysis

Q3 2025 Report
$558,705 (May 2025, Zillow); $582,970 (June 2025, Rocket); $609,925 (June 2025, Norada)
Median Home Price
~715,000 (city); ~2.97 million (metro area)
Population
$89,000 (metro, 2024 estimate)
Median Income
Denver Public Schools: B (Niche, 2025)
School District Rating

Market Overview

Property Values

$558,705 (May 2025, Zillow); $582,970 (June 2025, Rocket); $609,925 (June 2025, Norada)
Median Home Price
$366 (June 2025, Rocket)
Price per Sq Ft
-3.6% (Zillow); -2.6% (Rocket); slight increase per Norada
YoY Change

Market Performance

Days on Market15 days (Zillow, May 2025)
Market TypeShifting to balanced/buyer-favored with rising inventory and price cuts
Months of Supply~3.5-4 months (estimated from inventory and sales volume)

Sales Activity

Sales Volume4,004 closed listings in June 2025, up 5% YoY (Norada)
Metro AreaDenver-Aurora-Lakewood
Population~715,000 (city); ~2.97 million (metro area)

Economic Indicators

Employment & Growth

Unemployment Rate~3.4% (Denver metro, Q2 2025, estimated from recent trends)
Job Growth Rate~1.8% YoY (2024-2025, estimated)
Median Household Income$89,000 (metro, 2024 estimate)

Major Employers

  • UCHealth
  • Denver Public Schools
  • Centura Health
  • Lockheed Martin
  • Comcast
  • DISH Network
  • State of Colorado

Demographics

~715,000 (city); ~2.97 million (metro area)
Population
34.7 years (city)
Median Age
~0.7% annually (metro, 2024-2025)
Population Growth
47% bachelor's degree or higher (city)
Education Level

Family Composition

~40% families with children; strong young professional and millennial presence

Key Industries

AerospaceHealthcareTechnologyFinanceTourismEnergy

Education

School District

Denver Public Schools: B (Niche, 2025)
District Rating

Top Schools

  • Denver School of the Arts
  • East High School
  • DSST: Stapleton
  • George Washington High School

Higher Education

  • University of Denver
  • Metropolitan State University of Denver
  • University of Colorado Denver

Infrastructure & Development

Major Projects

  • National Western Center redevelopment
  • I-70 Central Project (completion 2025)
  • Denver International Airport expansion

Transportation

  • RTD light rail and bus expansions
  • Bike lane network growth

Planned Developments

  • Mixed-use projects in RiNo, Cherry Creek, and Five Points

Lifestyle & Amenities

Recreation

  • Rocky Mountain National Park access
  • City parks (Washington Park, City Park)
  • Skiing and hiking nearby

Dining & Entertainment

  • RiNo Arts District
  • LoDo nightlife
  • Cherry Creek shopping/dining

Cultural Attractions

  • Denver Art Museum
  • Denver Botanic Gardens
  • Red Rocks Amphitheatre

Investment Analysis

Investment Opportunities

  • Rising rental demand from young professionals
  • Increased inventory for value buys
  • Potential for long-term appreciation as market stabilizes

Growth Outlook

Moderate; stabilization expected after correction, with long-term upside tied to job and population growth

Market Risks

  • Short-term price declines
  • High price cut rates (36%+ in summer 2025)
  • Rising inventory could pressure prices further

Rental Market

Strong demand, especially for multifamily and urban rentals; yields 4.5-5.5% gross in core neighborhoods

Marketing Intelligence

Target Demographics

  • Millennials (ages 27-42)
  • Young professionals
  • Relocators from higher-cost markets (CA, NY, TX)

Marketing Channels

  • Zillow/Realtor.com
  • Social media (Instagram, Facebook, TikTok)
  • Virtual tours and video walkthroughs

Pricing Strategies

Price slightly below recent comps to attract offers in a competitive, price-sensitive market

Common Objections & Response Strategies

Objection: Worried about further price declines

Response Strategy:

Emphasize long-term fundamentals, Denver's job growth, and the opportunity to negotiate better terms now

Objection: High mortgage rates make buying unaffordable

Response Strategy:

Showcase lender buydown options, adjustable-rate products, and potential for future refinancing

Objection: Too much inventory, fear of overpaying

Response Strategy:

Highlight ability to negotiate, seller concessions, and value in current market compared to past peaks

Professional Recommendations

1

Educate clients on market shift and negotiation opportunities

2

Advise sellers to price aggressively and invest in staging

3

Leverage digital marketing and video tours

4

Stay updated on local inventory and price trends

5

Network with lenders for creative financing solutions

Competitive Analysis

Comparable Markets

  • Austin, TX
  • Salt Lake City, UT
  • Phoenix, AZ

Market Positioning

Denver is transitioning from a hot seller's market to a more balanced/buyer-friendly environment in 2025

Competitive Advantages

  • Diverse economy
  • Outdoor lifestyle
  • Strong long-term population growth

Price Comparison

Denver's median price ($558k-$610k) is higher than national median ($423k), but below coastal metros

Investment Metrics

4.5-5.5% (multifamily, core neighborhoods)
Cap Rates
4.5-5.5% gross
Rental Yields
~22-25 (citywide average)
Price-to-Rent
Positive in select neighborhoods with high rental demand
Cash Flow
Flat to +2% in 2025; 3-5% annualized long-term
Appreciation

Buyer Journey Insights

First-Time Buyers

More options, but affordability remains a challenge; down payment assistance and negotiation leverage are key

Move-Up Buyers

Easier to sell and buy simultaneously due to increased inventory; can negotiate contingencies

Downsizers

Can find value in condos/townhomes; more choices and less competition

Investors

Opportunities in value-add and multifamily; focus on cash flow and long-term appreciation

Relocators

Denver remains attractive for lifestyle and job market; more negotiating power than in previous years

This city analysis was generated using comprehensive market data and AI intelligence.

Market conditions change rapidly - consult with local real estate professionals for the most current information.

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