Denver Housing Market

Homebuyers in Denver are finally getting a bit of breathing room. More homes on the market mean fewer bidding wars and more choices, but prices remain stubbornly high, keeping affordability a challenge for many buyers this summer.

Denver’s housing market is giving buyers a bit of a break this summer, but it’s not exactly a bargain. Home sales in June ticked up slightly, with 4,056 transactions, just a 0.6% increase from a year ago. Compared to the rest of the country, though, Denver is falling behind, with national home sales rising much faster. The Denver market is active, but not nearly as competitive as it once was.

Local fundamentals could be contributing to the lagging sales environment. Job and population growth have weakened in the Denver area, potentially hindering buyer demand. The Mile High City added just 10,945 people between July 2024 and July 2025, down sharply from the nearly 50,000 new residents added the year before. Employment has also slipped. The metropolitan area lost roughly 9,400 jobs year over year in May, according to preliminary data from the Bureau of Labor Statistics.

The number of homes on the market remains elevated. While listings dipped slightly compared to last year, inventory is still dramatically higher than it was just a few years ago. That’s a big change from the early 2020s, when homes were scarce and selling quickly. Today, buyers have more options and more time to decide, while sellers may need to be flexible on price or incentives to close a deal.

Even with that added breathing room, home prices remain stubbornly high. The median home price in Denver rose slightly in June to about $609,000, putting it close to record levels and among the most expensive markets in the country. For many buyers, that means affordability is still a challenge, even as competition cools.

Not all parts of the market are moving the same way. Single-family homes are still seeing steady demand and modest price growth, while condos and townhomes are lagging. An oversupply of new apartments, and the discounts landlords are offering, may be pulling some buyers toward renting instead.

The median home sale price in Denver increased by 0.6% compared to the same time last year, while the national median price rose by 1.5%.

Denver median home prices rose by $3,894 year over year on a nominal basis in June to $608,894. Meanwhile, the national median home price increased by $6,000 to $401,000.

Denver was the ninth highest-priced housing market among the top 40 largest markets last month. The Denver median home price of $608,894 was 51.8% above the national median home price. Denver's median home price in June compares to the market's peak of $620,000 recorded in April of 2022.

The median price of Denver single-family homes rose by $10,000 over the past year to $670,000, while the median townhome price was unchanged, and the median condo price fell by 0.9%.

The number of homes for sale in Denver decreased by 2.6% in June compared to the same time last year, while national homes for sale rose by 4.2%.

Denver homes for sale fell by 433 year over year in June to 16,053 homes for sale. Denver ranked 31st, on a percentage basis, for the annual change in the number of homes for sale among the top 40 U.S. markets in June.

Denver homes for sale were above their pre-pandemic levels in the month of June. Denver homes for sale were 28.4% above the June 2019 total of 12,507.

Denver single-family homes for sale decreased by 6.2% to 10,461 in June. In comparison, townhomes for sale fell by 2.0% to 2,471, and condos for sale increased by 11.0% to 3,121.

The number of home sales in Denver increased by 0.6% in June compared to the same time last year, while national home sales rose by 6.1%.

Denver home sales increased by 23 year over year on a nominal basis in June to 4,056. For context, 4,033 sales closed in Denver in June 2025.

Denver ranked 31st for the annual change in home sales out of the top 40 U.S. markets in June on a percentage basis. This year's June increase of 0.6% compares to the 4.2% year over year increase in June 2025.

Denver single-family sales increased by 0.8% in June to 3,147. In comparison, townhome sales fell by 9.9% to 485, and condo sales rose by 14.0% to 424.

For questions and commentary about this report:

Jeannie Tobin, Director of Market Analytics at CoStar and Homes.com, based in Denver, is available for interviews to provide expert insights on this data and the broader residential real estate market.

Jeannie Tobin

Director of Market Analytics

Homes.com

jtobin@costar.com

Homes.com releases preliminary figures on housing trends on a monthly basis. Although these numbers may change slightly once all transactions are accounted for, they provide an early indication of home price appreciation, inventory changes, and sales volume in Denver during June 2026.

For most markets, geographical coverage consists of the Census-defined Core-Based Statistical Area (CBSA). Data for San Francisco, Los Angeles, Miami, and New York is at the Metropolitan Division level.

Definition of Sale Prices

Median home price is the midpoint sale price of homes closed during each month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

Definition of Inventory

Inventory is the number of unique active listings that were for sale during each month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

Definition of Home Sales

The total number of closed home sales on the MLS during the month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

About the Homes.com Market Analytics Team

The Homes.com Market Analytics group is a team of experienced analysts embedded in nearly 30 markets across North America. These experts reside in and regularly visit the markets they cover, providing local expertise and a national perspective on all sectors of real estate: residential, office, industrial, retail, and multifamily.

About Homes.com Analytics Data

The Homes.com analytic data is compiled by the CoStar Analytics team, the largest and most experienced analytics team in the real estate industry. The team consists of over 50 economists, analysts, and data scientists, who collectively have more than 900 years of real estate experience and over 30 advanced degrees. Analysts on the team live in and around the markets they cover, enabling them to build deep local knowledge and unique insights.

The data set being used by the team is one of the most comprehensive and robust in the industry. It spans all 393 metropolitan markets, 542 micropolitan markets, and over 35,000 local neighborhoods in the U.S. The data set is sourced from almost 500 Multiple Listing Service (MLS) providers around the country, as well as public record data from each market, and is supplemented by proprietary data collected by CoStar's team of over 2,000 researchers. It includes a complete inventory of all homes in the U.S., including homes for sale, homes for rent, new construction homes, as well as sale comps and rent comps.