What’s happening in Central Park real estate? As a company fully focused on real estate in the 80238, we have our first hand client situations to draw on and learn from. This “front line” experience usually lets us see and feel the trends before they make it to the headlines and market reports. That said, we like to read the monthly market report for the entire Denver metro area provided by the Denver Metro Association of Realtors (“DMAR”) to see if our experiences are matching up with broader trends. In this case they very much are in alignment!
We just read DMAR’s June Denver real estate update, which you can find in its entirety for download at the bottom of this post, and we’ve summarized the key points below for you. We’ve also provided a few key take-aways for both potential home buyers and sellers. After reading the market report, it’s clear that many of the things we’re experiencing with our buyer and seller clients are reflective of the market as a whole in the Denver metro area.
(Before we jump in…if you’re thinking of making a move in Central Park we’d love to help! Market reports and statistics are helpful, but we’d love to get to know you and your specific situation to see if we can be of service) You can contact us here to get started.
Market Overview
So what are the big real estate trends in Denver that we’re also seeing and that are discussed in the market report?
- Inventory is up significantly: Active listings in the Denver metro area have surged, with some reports showing a 34% increase year-over-year and the highest levels since 2011. We’re seeing this same trend in Central Park, where there are now 117 active listings. (for comparison, a few years ago it was common for us to have 50-60 total listings) You’ve probably noticed this anecdotally as you see more for sale signs around the neighborhood. This updward trend in active listing inventory means buyers have far more options than in recent years.
- Prices are stable or slightly down: The median home price in Denver was $582,970 in June 2025, down 2.6% from last year. Detached homes saw a tiny 0.13% month-over-month increase to $665,895, while attached homes (condos/townhomes) held steady at $400,000. Again, we’re seeing a similar trend in Central Park. We are seeing home prices flat to down compared to earlier 2025 and late 2024.
- Homes are taking longer to sell: The average days on market has increased, with homes now spending around 33 days on the market—a 27% jump from last year. We’re seeing this play out in the 80238 as well. It’s not uncommon for a home to be on the market a month or even two before it goes under contract, unless the home has a very special, rare feature like a large yard, a special mountain view, etc. Some of those types of homes will still sell in the first weekend on the market and can still oftentimes get multiple bids. This increase in how long it takes to sell is a sign of more balanced conditions and less urgency among buyers.
Take-Aways For Home Buyers
- More choices, less competition: With inventory at a multi-year high, buyers can be more selective and in some cases negotiate harder, especially on homes that need work or are overpriced compared to similar homes. If you were shopping for a home in Central Park a few years ago and got frustrated by the insane competition that has subsided and you’d now be operating in a much more buyer friendly environment.
- Price reductions are common: Many sellers are dropping prices to attract buyers. Well-priced, move-in-ready homes still see moderate buyer interest, but homes with challenges like fixer-uppers, homes on busy streets or homes with odd layouts must be significantly discounted to sell. With more options buyers aren’t motivated to take on these challenges unless the price is very right. We’re seeing some sellers also offering interest rate buy downs to help the buyers get a more favorable rate and lower monthly payment. Sometimes this is offered in the listing and other times buyers ask for it with their offer.
- Interest rates remain elevated: Higher borrowing costs are keeping some buyers on the sidelines, but those who can afford to buy now have increased leverage and more room to negotiate. It’s not just borrowing costs that have gone up either, it’s all the costs in the buyer’s life. Increases in interest rates, HOA dues, insurance, property taxes and overall inflation of consumer goods all add up, leaving the pool of qualified buyers very shallow. This affordability issue has caused some to decide they can’t afford to live in Denver. The DMAR report below states for every 10 people that move here, 11 are leaving! A break in interest rates would have the largest impact on the affordability equation and when that happens we think many buyers will jump back into the market quickly. (For those buyers that are ready and able to buy now, they can do so with less competition!)
- Balanced market: The market has shifted from a strong seller’s market to a more neutral environment, giving buyers more power in negotiations than in recent years. Gone are the days when the seller could make up the price without basing it on comparable sales.
Take-Aways For Home Sellers
- Preparation and pricing are critical: Simply listing a home is no longer enough. Sellers must focus on presentation, realistic pricing, and strategic preparation to stand out in a crowded market.
- Expect longer timelines: Homes are taking longer to sell, so patience and flexibility are important. Price reductions may be necessary if a home does not attract immediate interest. We’re also happy to offer property management in Central Park as an alternative for the homes that can’t sell or at least can’t sell at a price that works for the seller. We manage 50 homes in the neighborhood for great owners who care about long term asset value and providing a quality home for tenants. If that sounds interesting you can learn more about that service here or contact us here to get started)
- Stable or slightly down prices: While prices have not dropped dramatically, the days of rapid appreciation are over for now. Sellers should not expect to get more than their neighbors did a few months ago, in fact when we’re valuing your home and comparing it to sales that were earlier in Spring 2025 or mid/late 2024 we may even be adjusting downward to account for changes in home values.
Notable Statistics
| Metric | June 2025 Value | Year-over-Year Change |
|---|---|---|
| Median Sale Price (Denver) | $582,970 | -2.6% |
| Median Detached Home Price | $665,895 | +0.13% MoM |
| Median Attached Home Price | $400,000 | 0% MoM |
| Active Listings (Metro) | 9,634 | +34% |
| Average Days on Market | 33 | +27% |
| Homes for Sale (Denver) | 5,924 | +8.7% MoM |
| Pending Sales | Up 9% YoY |
What This Means for Central Park (80238)
While these trends reflect the entire metro area, Central Park is likely experiencing similar dynamics: more inventory, stable/slightly down prices, and longer days on market. Buyers can be more selective, and sellers need to price and prepare homes carefully to attract offers.
The Denver metro real estate market is more balanced than it has been in years. Buyers have more options and bargaining power, while sellers face more competition and must adjust expectations. Pricing, preparation, and patience are now the keys to success on both sides of the transaction.
If you’d like to chat about your Central Park move we’d love to help. You can reach us here to get started.
Here is the DMAR June Market Report for download if you’re interested in diving into the details:
