Michael RushReal Estate Broker, Keller Williams Realty DTC · Real Estate Broker at Keller Williams Realty DTC

📊 September 2025 | Colorado Housing Market Update 🏡

2 Oct 2025 · 3 min

Watch on YouTube

3:20

In this September 2025 market update, the presenter outlines a softening U.S. labor market—unemployment rising to 4.3% and only 22,000 jobs added in August, mainly in health‑care—while wages remain elevated. Mortgage rates have eased from summer peaks, with the 30‑year fixed around 6.3‑6.5% and the 15‑year near 5.75%, potentially re‑activating sidelined buyers. Nationally, sellers outnumber buyers by roughly 35 % (1.94 M sellers vs 1.44 M buyers), keeping market power with buyers despite high inventory. The report then drills into Colorado Front‑Range counties: - Greater Denver: demand +7.1%, listings +17.5%, single‑family prices +0.5%, condos/townhomes –1.6%. - Colorado Springs/El Paso: listings +21.9%, demand –8.7%, single‑family +2.5%, condos/townhomes –8.4%. - Boulder: inventory +12.6%, demand +6.6%, single‑family –6.3%, condos/townhomes –1.1%. - Larimer: listings +13.9%, demand +25.5%, single‑family –2.4%, condos/townhomes –4%. - Weld: inventory +16.5%, demand +7.9%, single‑family +4.9%, condos/townhomes –7.1%. Overall Front‑Range inventory sits at 3.5‑4.3 months, with Boulder the highest and Colorado Springs second. The presenter closes by offering referrals to top real‑estate agents nationwide.

Chapters

The labor market is showing signs of softening, with unemployment rate increasing to 4.3%. Job gains have been slow, with only 22,000 jobs added in August, heavily concentrated in the healthcare and social assistance sectors. The overall job growth has stalled, and job numbers for earlier in the summer were revised downward significantly, raising concerns about the labor market's stability. While rising wages continue to provide support and affordability, the slowing job growth is adding a layer of economic uncertainty. Mortgage rates have retreated from their summer highs, with the average 30-year fixed mortgage rate hovering right around 6.3 to 6.5%, And the 15-year rate right around 5.75%. This lower rate environment could potentially bring more buyers off the sidelines. The national market remains firmly in favor of buyers, and according to a recent report, there were an estimated 35.2% more home sellers than buyers in the US. There are an estimated 1.94 million home sellers and 1.44 million home buyers, suggesting that while inventory remains high, a retreat in buyer demand due to high prices and economic weariness is keeping the power in the buyers' hands. In the greater Denver metro area, demand increased 7.1% and active listings were up 17.5%, while single-family homes saw an average price increase of just half a percent and condo and townhome prices were down 1.6%. In Colorado Springs and El Paso County, active listings were up 21.9% while demand decreased once again by 8.7%. Single-family average prices rose 2.5%, while detached, condo, and townhome average prices decreased by 8.4%. In Boulder County, inventory was up 12.6% and demand increased by 6.6%. Single-family average prices were down 6.3%, and condo and townhome average prices decreased by 1.1%. In Larimer County, active listings were up 13.9% while demand increased by 25.5%. Both single-family and condo and townhome average prices continued to decline by 2.4% and 4% respectively. In Weld County, inventory was up 16.5% and demand increased by 7.9%. Single-family average prices increased by 4.9% While condo and townhome average prices decreased by 7.1%. Overall, we're sitting at around 3.5 to 4.3 months of housing inventory across the Colorado Front Range, with Boulder having the most and Colorado Springs coming in second. Thank you for taking the time to watch. I have excellent connections with top-notch real estate agents across the United States if you ever need a referral.