Denver Housing Market

Denver’s housing market has entered a more balanced phase. Home prices have essentially flatlined in recent years, and homes are taking longer to sell, a departure from the fierce bidding wars that characterized the years following the pandemic. Denver is still one of the most expensive markets in the nation, ranking ninth for housing prices out of the largest 40 markets nationwide.

Home sales increased in April, consistent with the typical uptick in activity brought on by the homebuying spring season. Denver home sales totaled 4,105 in April, up 0.9% from a year earlier and outperforming the national pace of 0.6%.

While sales volume trails the outsized activity that occurred in 2021 and 2022, the recent uptick in home closings puts the market in line with pre-pandemic averages.

However, weaker job and population growth could add headwinds to the market. Notably, domestic in-migration contracted sharply in the past year, though the losses were offset by gains in international migration and natural change. The Mile High City gained 10,945 people between July 2024 and July 2025, down from the 49,814 residents added a year prior.

Denver employment contracted in the past year by 0.2% through March 2026, as losses in the technology sector, construction, and manufacturing offset gains in education and healthcare.

Active listings totaled 15,221 in April, 73% higher than three years ago. Potential buyers have more options now than they have had in over a decade, and the market has moved beyond the historically tight conditions that characterized much of the early 2020s. The median days on the market number sits near 50, up from the pandemic low point of 30 days on the market, reached in April 2022.

Denver home prices have remained essentially unchanged in recent years, with the median sales price holding steady at $600,000 in April, matching levels recorded in April 2024 and April 2025.

Single-family home prices were unchanged from the previous year at $660,000 in April, while condos decreased 4.6% to $310,000 and townhomes fell by 5% to $420,000.

The median home sale price in Denver was flat over the same time last year, while the national median price rose by 1.7%.

Denver median home prices were $600,000 in April, the same value as a year prior. Meanwhile, the national median home price increased by $6,500 to $390,000.

Denver was the ninth highest-priced housing market among the top 40 largest markets last month. The Denver median home price of $600,000 was 53.8% above the national median home price. Denver's median home price in April compares to the market's peak of $620,000 recorded in April of 2022.

The median price of Denver single-family homes remained $660,000 over the past year, while the median townhome price declined 5.0%, and the median condo price fell 4.6%.

The number of active listings in Denver increased by 1.1% in April compared to the same time last year, while national active listings rose by 6.3%

Denver active listings rose by 163 year over year in April to 15,221 active listings. Denver ranked 32nd, on a percentage basis, for the annual change in the number of homes for sale among the top 40 U.S. markets in April.

Denver active listings were above their pre-pandemic levels in the month of April. Denver active listings were 43.6% above the April 2019 total of 10,600.

Denver single-family active listings decreased by 0.4% to 9,819 in April. In comparison, townhome active listings fell by 6.0% to 3,264, and condo active listings increased by 23.8% to 2,138.

The number of home sales in Denver increased by 0.9% in April compared to the same time last year, while national home sales rose by 0.6%.

Denver home sales increased by 38 year over year on a nominal basis in April to 4,105. For context, 4,067 sales closed in Denver in April 2025.

Denver ranked 15th for the annual change in home sales out of the top 40 U.S. markets in April on a percentage basis. This year's April increase of 0.9% compares to the 5.3% year over year increase in April 2025.

Denver single-family sales increased by 2.2% in April to 3,099. In comparison, townhome sales fell by 3.3% to 695, and condo sales fell by 1.6% to 311.

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 April 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.