home values drop in denver, delistings climb, yet real estate experts stress housing market isn't crashing
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By Rachael Krause | Published on December 16, 2025
Housing prices are down and delistings are up, raising concerns in Denver that the housing market may be headed for a crash.
"The Denver market is not crashing at all," said Libby Levinson-Katz, a market trends committee member with the Denver Metro Association of Realtors.
Levinson-Katz said the market isn't collapsing, but it is slowing for the season.
"It just feels a little slower this time of the year. But generally, people want to celebrate the holidays and not have to deal with a lot of showings," Levinson-Katz said.
The numbers aren't so merry and bright. A recent national real estate report from Zillow found that if you live in Denver, your home value likely took a hit. 91% of homes lost value over the past year.
An October report from Realtor.com data found that Denver was second in the nation for homes delisted, or taken off the market.
"It is interesting," Levinson-Katz said. "I don't have a wonderful answer for that other than we are experiencing unseasonably warm weather, and I think the two go hand in hand, but it's normal this time of year for sellers to take their home off the market."
She said the delisting goes deeper here, helping listings find a fresh start in the new year.
"The rule is a home has to be off the market for 30 days before a home can be relisted and showcase a new day count," Levinson-Katz said. "So if a home has been on the market, let's say 130 days up to this point, sellers are being advised that if they take their home off the market for 30 days over this holiday season, they can hit the market again in 2026 in January and have a new day count and look fresh to the buyers who are entering the market come January."
Levinson-Katz said homes are sitting on the market longer now than in the past few years, certainly much longer than during the COVID home-buying rush. And while prices are dropping slightly, she believes it's not enough to tilt the scales toward a buyer's market.
“It has been reported really widely that Denver is a buyer's market. However, I don't necessarily agree with that because we are at four months for kind of the average home to sell," Levinson-Katz said. "I argue that we are very much in a balanced market."
And that's something, she said, she hasn't seen in Denver in 20 years. It's a positive sign for Denver's housing market, she hopes will hang around into the new year.
"Yeah, it's time for us to be balanced, and I think that's where we are right now," Levinson-Katz said.