Denver's housing market has turned into something we haven't seen in years: a market where buyers can breathe. The most recent full month of metro data shows why, and why the condo side of the market is a different story from the single-family side.
The headline numbers
Across the Denver metro, the median sale price is running around $615,000 year-to-date, up roughly 2.5% from last year, so prices are holding. Detached homes are trading around $650,000; attached homes (condos and townhomes) closer to $395,000. Sellers are getting about 99.4% of list price, so pricing correctly still gets a deal done near ask.
The bigger shift is inventory. Metro active listings sat above 12,000 in July, a level that gives buyers real choices for the first time in years, while new listings fell more than 17% from a year ago. Closed sales were down about 7% year over year. Put those together and you get a market that's slower but not soft: fewer transactions, more selection, stable prices.
Single-family vs. condos: two different markets
One split matters most for anyone buying or selling right now. Single-family homes are sitting at roughly 2.7 months of supply and selling in about a month. Condos and townhomes are a different animal: nearly 6 months of supply and average market times pushing 55–58 days. That's a buyer's market on the attached side of the ledger.
For buyers, that means condo sellers are negotiable, on price, on concessions, on rate buydowns. For condo sellers, it means pricing and presentation have to be sharp, because your buyer has a dozen alternatives.
One more thing about condos that most agents won't flag until it's too late: with this much condo inventory moving slowly, project health matters more than ever. Reserves, insurance, deferred maintenance, owner-occupancy, these are the things that decide whether a condo loan gets approved at all. If you're eyeing a condo, run it through our 60-second condo approval check before you fall in love.
What this means if you're buying
Qualify at today's rates, shop with patience, and use the leverage this market is handing you, especially on attached homes. Sellers who've been sitting for 45+ days are the ones who'll pay points to buy your rate down. We have that conversation with buyers every week, and it can save more than waiting for the market to move.
What this means if you're selling
The first two weeks still decide everything. With buyers seeing this much inventory, a home that's priced right and shows well still moves fast, the 99.4% list-to-close ratio proves it. A home that chases the market down doesn't. If a purchase on the other side depends on your sale, let's map the financing before you list, not after you're under contract.
Figures reflect Denver-metro brokerage market reporting for July 2026, the most recent full month available. Sources: Denver Metro Market Report (ZBell).