Denver luxury market trends - May 2025 Report

Market Snapshot: Denver Luxury Market Trends

Inventory Increase: Listings priced above $2 million have increased by 21% compared to last year, offering more options for buyers in the luxury segment.
Price Stability: The median sale price for luxury single-family homes in Denver is approximately $1.3 million, with homes selling for an average of 98.8% of the list price.
Buyer Behavior: Approximately 28% of homes are selling above the listing price, indicating competitive interest in desirable areas.

Days on Market: Average Days on Market (DOM) for homes $2M+: 45 days, significantly faster than typical luxury market pace. This reflects high buyer motivation, especially in move-in-ready homes.
Listing Volume vs Sold Volume: Active listings over $2M are increasing, but absorption rate is holding steady, meaning inventory is moving, not sitting. Boulder in particular saw a 12% YoY increase in sold luxury properties in Q1 2025.

Increased migration: From high-tax states seeking lifestyle and tax benefits.
Abundance: Outdoor activities, cultural amenities, quality of life, & sustainability solar, low energy cost.
Luxury Homes Gaining Traction: Demand for move-in ready or newly renovated homes. Smart home tech, plus lock-&-leave lifestyle + privacy.

Colorado: especially Denver and Boulder, has become a hub for blockchain, crypto, and fintech startups. This naturally attracts high-net-worth crypto holders, many of whom are converting digital wealth into hard assets.
RealOpen: is leading the charge, allowing buyers to purchase homes with Bitcoin, Ethereum, and other crypto by converting funds instantly into cash for sellers.
These buyers: are often looking for sleek, modern, tech-enabled homes in vibrant, lifestyle & rich neighborhoods.
By 2025: Over $1 billion in U.S. residential real estate was purchased using cryptocurrency, a number expected to grow as digital asset regulation evolves.

The remote work era: A strong rise of trading platforms like Robinhood, Fidelity, and ThinkorSwim have made it easier for high-income individuals in finance to live wherever they choose.
Colorado’s blend: The city, ski, and serenity is a natural fit.
Luxury buyers: Come in with market portfolios, and are often cash-ready and decisive.
Boulder: Especially attracts those working in biotech, clean tech, and hedge-fund startups.
In 2024: A third of luxury cash buyers in Boulder County were tied to equity market gains or tech sector bonuses.

They’re young, smart, and liquid.
From crypto arbitrage to digital products, YouTube channels, and e-commerce brands, many Gen Z and Millennial buyers are entering the market with unconventional wealth.
Seeking modern, minimal homes or lock-and-leave condos.
Prefer flexibility, walkability, and tech integration.
40% of Gen Z homeowners report earning income from “non-traditional” sources like digital assets, online courses, affiliate marketing, or NFTs.

Elevated mortgage rates have sidelined many traditional buyers, especially in the $2M+ range, where rate sensitivity is higher and jumbo financing is more restrictive.
Cash buyers face less competition and gain stronger negotiating power, often securing price cuts, waived contingencies, or preferred closing timelines.
In high-end markets like Denver and Boulder, cash buyers closed 37% faster on average.
Cash offers reduce seller risk, increasing the chance of acceptance, no lender delays, fewer appraisal surprises, and smoother inspection negotiations.
Cash gives buyers the power to act fast, often beating out higher offers with financing simply due to speed, certainty, and clean contract terms.
These professionals bring portable, high incomes and are often cash-ready or crypto-capable, driving demand for modern, well-located homes with walkability, views, and access to nature.