Are you wondering if now is a good time to buy or sell a home in Denver or Broomfield, Colorado? If you’re like many homeowners or potential buyers, you’re paying close attention to mortgage rates, local housing trends, and the shifting real estate landscape. It’s a fair question—especially as mortgage rates hover near 7% and inventory levels in Broomfield continue to change.
Whether you’re considering selling your home this summer or just starting to explore your options, understanding the current Denver real estate market is the first step to making a confident decision.
What’s Going on With Mortgage Rates?
As of May 2025, mortgage rates for a 30-year fixed loan are between 6.76% and 6.97%. These are some of the highest rates we’ve seen in recent years, and they are undoubtedly impacting both buyers and sellers.
Buyers are calculating affordability with more caution, and sellers are facing a market that requires strategic pricing and presentation. Despite the rate environment, homes are still selling—and buyers are still buying. The key is understanding how to work with the current conditions, not against them.
Selling a Home in Denver or Broomfield: What You Should Know
If you’re a homeowner in Denver or Broomfield, you may feel stuck. Maybe you locked in a low mortgage rate a few years ago and are hesitant to trade it in for a higher one. That hesitation is understandable. But it’s important to zoom out and look at the bigger picture.
Here are a few signs that now might still be a good time to sell:
- Your lifestyle is changing (growing family, job relocation, downsizing, or retirement)
- You’re facing increased costs like HOA fees, property taxes, or maintenance
- You want to capture equity while prices remain relatively high
Key Stats for Sellers (as of April 2025):
- Over 11,000 homes listed across the Denver metro area, including Broomfield
- Average days on market: 35 days
- Inventory up more than 53% year-over-year
- More sellers offering concessions and price reductions to attract buyers
Even in a higher-rate environment, the market is active. Homes that are well-priced, professionally staged, and expertly marketed are still selling quickly.
The North Star Team at Compass, led by John Grandt, specializes in helping sellers in Denver and Broomfield navigate these complex market dynamics. From setting the right price to making your home stand out online, we help homeowners make smart, strategic moves.
What About Buyers in Denver and Broomfield?
You might be wondering: should I wait until rates drop to buy a home in Denver or Broomfield?
It’s a common question, but waiting comes with risks. Inventory levels are higher than last year, which means buyers currently have more options and negotiating power than they’ve had in quite some time.
Let’s break it down:
Example:
A home priced at $715,000 with 20% down results in a loan of about $572,000. At a 6.76% interest rate, monthly mortgage payments (excluding taxes and insurance) are around $3,700. That’s a significant cost—but with the right home and the right terms, it could be a smart long-term investment.
Here’s what’s working for buyers in Denver and Broomfield right now:
- Increased inventory gives you more choices
- Fewer bidding wars mean better terms
- Sellers are more open to concessions, including rate buydowns or repair credits
- Price corrections are happening, especially in the condo and townhome market
Working with a knowledgeable Denver real estate agent like John Grandt means you’ll have guidance on how to evaluate each opportunity and negotiate strategically.
What Does the Bigger Picture Say?
Here’s a snapshot of the Broomfield and greater Denver metro market as of May 2025:
- Mortgage rates: 6.76% to 6.97%
- Average home price in Broomfield: Around $715,000
- Time on market: 35 days average
- Inventory growth: Over 53% higher than this time last year
- Buyer and seller sentiment: Cautiously optimistic, with a growing sense of acceptance that these conditions may be the “new normal”
We’re seeing a psychological shift. Homeowners are starting to recognize that holding out for 3% mortgage rates may not be realistic. Buyers are adjusting their budgets and looking for value. Everyone is getting more strategic—and that’s where working with the North Star Team at Compass makes all the difference.
Why Local Expertise Matters in Denver and Broomfield
Navigating the real estate market is not just about numbers; it’s about understanding timing, motivation, and negotiation.
For sellers, the opportunity is to stand out while buyer activity is still strong. The spring and early summer months are traditionally the busiest in Denver and Broomfield real estate, and with more homes coming to market, getting ahead of the competition matters.
For buyers, this is a chance to find a well-maintained home at a fair price—without the chaos of bidding wars that defined previous years.
John Grandt and the North Star Team at Compass bring deep local knowledge and marketing expertise to every transaction. As trusted Broomfield Realtors, we know how to:
- Position your home to attract serious buyers
- Navigate competitive offers with confidence
- Identify undervalued opportunities for buyers
- Connect you with vetted professionals for staging, photography, and inspections
Should You Buy or Sell a Home in Denver or Broomfield Right Now?
It depends on your situation—but here’s what we know:
- If you’re a seller, motivated buyers are still out there. With the right pricing, staging, and digital marketing, you can sell quickly and profitably.
- If you’re a buyer, today’s market offers more flexibility and negotiation potential than we’ve seen in recent years. Waiting for perfect conditions could mean missing out.
At the end of the day, success in real estate isn’t about timing the market perfectly. It’s about making the right move based on your goals and the realities of today.
That’s exactly what we help our clients do every day in Broomfield.
At North Star Team at Compass, we specialize in helping Broomfield and Denver homeowners sell their homes faster and for top dollar while avoiding costly mistakes.
📌 Want to maximize your profit and avoid surprises?
📌 Thinking about selling but not sure where to start?
Let’s chat! Contact John Grandt and the North Star Team today for a free home-selling consultation.
📍 Serving Broomfield, Denver, and surrounding areas
How Can I Help You With Your Denver or Broomfield Real Estate Needs?
I am consistently among the top real estate agents in Denver and Broomfield and I strive to exceed client expectations.
You May Be Wondering… What is My Home Worth?
Do you wonder what your home is worth in the current market? Do you desire a specific Property Valuation Report that I routinely prepare for my clients? Please contact me.
If you are considering buying or selling, I would appreciate the opportunity to earn your business (or that of a friend you think I could help).
Visit www.northstarcompass.net. Phone: 720.351.8488, or [email protected]
For questions regarding the Broomfield Real Estate Market in general contact:
John Grandt
Real Estate Professional | Team Lead
North Star Team at Compass
[email protected]
720.351.8488
