Denver Housing Market

Denver home prices fell 4.0% to $575,000 in February from a year prior, underperforming the U.S., and fewer homes were sold than in February 2025.

Denver’s median home price fell year over year in February, dropping by 4.0% to $575,000. This marks the largest median price decrease recorded in the Denver market in more than eight years. In contrast, the median home price nationwide increased 0.2% annually to $375,885 in February. Denver ranks 9th out of the top 40 U.S. markets for housing prices. However, the area has fallen in the bottom half of the list for price growth on both a nominal and percentage basis.

Denver active listings totaled 12,389 in February, up 15.9% year-over-year and 72.6% higher than three years ago. Potential buyers have more options now than they have had in over a decade. Inventory growth occurred across all housing types. Attached housing listings increased by 4.4%, detached housing rose by 11%, and condo inventory grew the fastest at 53.2% year over year.

Denver home sales totaled 2,731 in February, down 2.5% from a year earlier and 24.3% lower than five years ago. Transaction volumes remained subdued, reflecting continued affordability challenges and cautious buyer behavior. Home sales did not increase in any property type. Condo sales were flat, detached sales were down 0.1%, and attached home sales posted the steepest year-over-year decline at 14.2%.

The median home price decreased 4.0% in February compared to the same month a year ago, continuing a trend of declining prices observed since October 2025.

Denver’s median home price fell year over year in February, dropping by 4.0% to $575,000. This marks the largest median price decrease recorded in the Denver market in more than eight years. In contrast, the median home price nationwide increased 0.2% annually to $375,885 in February.

Denver median condo prices declined in February, falling 9.7% from this time last year to $299,900. Attached homes recorded a smaller decline of 4.1% year-over-year to $425,000, while detached homes decreased 2.3% from the previous year to $625,000.

Denver ranks 9th out of the top 40 U.S. markets for housing prices with a median price of $575,000. However, the area has fallen in the bottom half of the list for price growth on both a nominal and percentage basis.

Inventory reached 12,389 listings in February, their highest level since last November, signaling widespread supply growth.

Denver active listings totaled 12,389 in February, up 15.9% year-over-year and 72.6% higher than three years ago. Potential buyers have more options now than they have in over a decade.

Inventory growth occurred across all housing types. Attached housing listings increased by 4.4%, detached housing rose by 11%, and condo inventory grew the fastest at 53.2% year over year. Detached housing accounts for the majority of listings (7,919), while faster growth in condo inventory suggests improving availability of a more affordable property type.

Denver active listings increased 15.9% year over year, compared to the U.S. increase of 14.2%. Inventory growth extended across most of the country. Inventory increased in 86% of the 933 markets tracked by Homes.com. Jacksonville, San Francisco, Phoenix, and the Inland Empire were the only large markets with fewer homes available for purchase in February than a year ago.

Denver recorded 2,731 sales in February, a 2.5% year-over-year decline, with roughly 70 fewer closings than last February

Denver home sales totaled 2,731 in February, down 2.5% from a year earlier and 24.3% lower than five years ago. Transaction volumes remained subdued, reflecting continued affordability challenges and cautious buyer behavior.

Home sales did not increase in any property type. Condo sales were flat, detached sales were down 0.1%, and attached home sales posted the steepest year-over-year decline at 14.2%. Single-family homes continued to account for the majority of transactions (2,091).

Denver home sales declined 2.5% year-over-year in February, compared to the U.S. decline of 3.7%. Home sales decline in 33 of the largest 40 markets nationwide, with no clear regional pattern. Among the 933 markets tracked by Homes.com, only 41.3% recorded higher sales, indicating board-based market softness.

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 February 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.