Denver Metro Housing Market Report
Resilient buyer demand, steady absorption, and stable pricing — here's what May's numbers mean if you're planning a move in Denver and along the Front Range.
The numbers that matter
Year-over-year, the market held its ground: fewer homes changed hands, but prices rose and demand stayed healthy.
Fewer listings, but demand held firm
Closed listings slipped 2% from a year ago, with 4,054 homes sold — a modest slowdown in completed transactions. Even so, pricing stayed strong: the median home price reached $615,000, up 3%, as steady demand continued to support gradual appreciation.
Homes took slightly longer to sell, with median days in MLS rising two days to 16. Buyers are taking more time to weigh their options, which makes sharp pricing, clean presentation, and real marketing strategy more important than ever for sellers.
- New listings fell 18% to 6,002 — a noticeably tighter supply of homes coming to market
- Pending sales still rose 5% to 4,232, a clear signal that buyer demand remains healthy
- Active listings dropped 8%, leaving roughly 13 weeks of inventory — a balanced market with room for both sides
What it means for you
Sellers: tighter supply means well-priced, well-marketed homes are still commanding attention and moving under contract. Presentation is your edge.
Buyers: a balanced market and slightly longer days on market give you room to be measured — without the frenzy, there's space to negotiate on the right home.
Get Rocky's Take On Your Move →Spring kept its footing
As the season progressed, May brought continued stability rather than the early-spring surge.
Closed listings edged up 1% and the median price rose 3%, reflecting consistent absorption despite tighter supply. Seller activity eased after the early-spring push — new listings fell 10% — while pending listings rose 4%. The takeaway is simple: well-priced, well-marketed homes still move.
The rental market keeps moderating
Compared with last year, rentals continued to cool. Leased properties fell 13% to 284, and median rent eased 4% to $2,798 — a sign that rental pricing is gradually stabilizing after several years of rapid growth.
Price per bedroom slipped 2% while price per square foot ticked up 1%, pointing to subtle shifts in the mix of available properties and what renters are prioritizing. Homes also took a day longer to lease, with median days in MLS rising to 23.
For owners and investors, the picture is a more balanced, sustainable rental environment heading into summer — and clearer opportunities on both sides of the lease.
Investment & Rental Strategy →Want to know what this means for your home?
Market averages are a starting point — your street, your price band, and your timeline tell the real story. Send the details and Rocky will follow up personally with a read built around you.
Market statistics reflect Denver Metro residential activity for May 2026 and are deemed reliable but not guaranteed. Figures are area-wide medians and averages; individual results vary by neighborhood, property type, and price range. Not intended as a solicitation of property already listed. Equal Housing Opportunity.