Year-Over-Year Insights
The Denver Metro housing market showed a notable shift in July, with rising prices and faster sales alongside a pullback in overall transaction volume. Closed listings dipped 2% year over year to 3,669 homes sold, while the median closed price climbed 3% to $605,000 — a sign that home values continue to trend upward despite fewer closed sales.
Homes also moved noticeably faster this year, spending a median of 22 days in MLS, four days quicker than July 2025. This accelerated pace suggests buyers are acting decisively on listings that meet their expectations.
Seller activity edged up compared to a year ago, with new listings rising 2% to 5,450 properties. Buyer follow-through was more measured, though — pending listings decreased by 3% to 3,440, indicating some buyers are taking a bit longer to commit even as strong listings move quickly.
Active inventory declined 4% year over year, holding steady at 15 weeks of supply. Taken together, the numbers point to a market where pricing and timing remain key, with well-positioned homes continuing to attract attention despite a slower overall pace of new contracts.
Month-Over-Month Insights
July brought a more noticeable slowdown across the Denver Metro housing market, as activity pulled back across nearly every indicator following June’s steadier pace. Closed listings fell 9% month over month, and the median closed price slipped 2%, suggesting sellers are adjusting expectations as overall transaction volume softens.
Homes took longer to find buyers this month, with median Days in MLS rising three days to 22 — the third consecutive monthly increase. This reinforces the trend of buyers moving with more caution before committing.
Seller activity retreated as well, with new listings dropping 5% from June. Pending listings followed suit, down 6% month over month. Both buyer and seller activity slowed more sharply than the modest seasonal easing seen the month prior.
Denver Metro Rental Market
The rental market showed a mix of firming prices and continued softness in leasing volume in July. Properties leased declined 11% year over year to 303, while the median leased price rose 2% to $2,850 — reinforcing that renters are still paying more even as fewer leases were signed.
Median Days in MLS held steady at 30, showing no year-over-year change and suggesting the pace of leasing has settled into a consistent rhythm. Meanwhile, price per bedroom dipped 1% to $1,005 and price per square foot fell 2% to $1.74, hinting that renters may be leasing larger properties overall.
July’s rental data reflects a market where topline pricing remains resilient while leasing activity and size-adjusted rates ease slightly, pointing to renters who are still active but increasingly selective about where that demand is concentrated.
