Denver Metro Market Update: June 2026

I pull the closed sale numbers across the Denver metro every month, and I like sharing them here because I think you deserve to know what's actually happening, not just what the headlines say. June gave us a market that's a little bit of a tale of two segments, and I want to walk you through it the way I'd explain it if we were sitting down over coffee.

This covers the seven-county metro, Adams, Arapahoe, Broomfield, Denver, Douglas, Elbert, and Jefferson, so whether you're looking in Cherry Creek, Wash Park, or out toward the suburbs, this gives you the full picture.

Single Family Homes Are Still Holding Strong

Let's start with the good news if you own a single family home. Average closed price landed at $825,398 in June, up slightly from May and up from where we were this time last year. Median price came in at $674,900, and that one grew even more year over year, which tells me the strength isn't just coming from a few big sales at the top. It's broad across the market.

Price per square foot dipped just a touch, which honestly is a nice thing for buyers. It means you're getting a bit more home for your money right now, even in a market where overall prices are still climbing. I always tell my clients that price per square foot is one of the most honest numbers in real estate, and this one is telling us buyers have a little more room to be selective.

If you've been sitting on the fence about listing your single family home, this is encouraging. Homes that are priced thoughtfully and presented well are still performing. I'm not seeing a market that's punishing sellers right now. I'm seeing one that rewards sellers who do it right.

Condos and Townhomes Are Having a Different Moment

Here's where I want to be honest with you, because I think you deserve real talk, not just good news. Condos and townhomes are working through a real adjustment. Average closed price dropped to $431,218, and price per square foot is down close to six percent from a year ago. That's a meaningful shift.

A few things are likely behind this. There's been a lot of new condo and townhome product built across the metro over the past few years, and more choices for buyers usually means more pressure on pricing for existing inventory. HOA costs have also climbed in a lot of buildings, which changes how buyers think about value.

If you own a condo or townhome and you're thinking about selling, my advice is simple. Price it to where the market is today, not where it was a year or two ago. I know that's not always the easiest conversation, but properties priced to current data are the ones moving. The ones priced to old comps are the ones sitting.

And if you're a buyer who's been priced out of single family homes, this might be your window. I'm seeing genuine value in this segment right now, and if you're patient and work with someone who knows how to spot the right building and the right unit, this could be a great time to get into the market.

What's Happening With Inventory

This is the part I think gets overlooked. Active listings are actually down close to fourteen percent from a year ago, even though we saw a small uptick from May to June. That's not a small thing. It means there are genuinely fewer homes available to buy than there were twelve months ago.

New listings are also down slightly, both from last month and from last year. Sellers aren't flooding the market right now, and that scarcity is part of why single family pricing is holding as well as it is.

For my buyers, I always say this. If you find the right home, don't assume there will be five more just like it next month. Inventory being tight isn't just a talking point right now, it's showing up clearly in the data.

Homes Are Taking a Little Longer, But Pricing Is Holding

Average days in MLS crept up to just over 38 days, which is a bit longer than we were seeing a year ago. But here's what I think matters more. The percentage of closed price to original list price barely moved. Homes that go under contract are still closing close to what they were listed for.

What this tells me is that buyers are taking their time to make decisions, which makes total sense in this environment, but once they commit, they're not negotiating aggressively off list price. Sellers aren't losing leverage at the table. They're just needing a little more patience for the right buyer to show up.

This is exactly why I always push my sellers to price correctly from day one. A home that sits because it was priced a little ambitious loses momentum, and that's harder to recover from than starting strong and staying firm.

What I'm Telling My Clients Right Now

If you're selling a single family home, I feel good about where you stand. Price it right, present it beautifully, and this market will reward you. I'm not seeing hesitation from buyers on well-positioned homes.

If you're selling a condo or townhome, let's have an honest conversation about where pricing needs to be. I'd rather help you price it accurately and get it sold than watch it sit while the market moves further away from where it was priced.

If you're buying a single family home, I'd encourage you not to wait around hoping for more inventory to show up. The data says the opposite is happening. When the right home comes on, I want us ready to move.

If you're buying a condo or townhome, this might genuinely be one of the better entry points we've seen in a while. Let's talk about what makes sense for your situation and find the building and unit that actually fits your life, not just your budget.

A Few Things I'm Watching Going Into the Rest of Summer

I'll be honest, the story I expect to keep telling through the rest of summer is pretty similar to what June showed us. Single family homes holding their value, condos and townhomes working through a real repricing, and buyers taking a bit more time before they commit to anything.

What I'm most curious about is whether that tight inventory on the single family side starts pushing prices up more noticeably once we get further into the season. Fewer homes to choose from usually means more competition for the good ones eventually, and I don't think we've fully felt that yet.

A Little More Context on the Last Few Years

I think it helps to zoom out a bit, because one month of numbers never tells the whole story. Single family pricing across the metro has been climbing steadily since 2023, not in some dramatic spike, but in a slow, consistent way that feels a lot more sustainable than what we saw a few years back. Both average and median price are up from a year ago, and median growing faster than average tells me this isn't just a handful of high-end sales skewing things. It's a broad, healthy trend across price points.

Condos and townhomes have been on a different path. There's been a wave of new construction in this category over the past several years across the metro, and more inventory competing for the same buyer pool tends to put pressure on pricing, especially when you layer in rising HOA costs at a lot of buildings. If you bought a condo or townhome in 2022 or early 2023, I'd really encourage you to talk with me before assuming your unit would sell for what similar ones traded for back then. The market has moved, and I want you to go in with real numbers, not old assumptions.

The inventory story is the one I keep coming back to. Active listings down close to fourteen percent from a year ago, paired with single family prices still holding, is the kind of setup that historically leads to more competition among buyers once demand catches up with how little is actually available. I don't think we've fully felt that yet, but I'll be watching it closely through the rest of the summer.

What This Looks Like in Cherry Creek and the Surrounding Neighborhoods

I spend most of my time in Cherry Creek, Wash Park, and the surrounding pockets, and I want to speak to what I'm seeing on the ground, not just in the countywide numbers. Well-presented single family homes in these neighborhoods are still generating strong interest when they're priced right. Buyers looking in this part of Denver tend to be less rate-sensitive and more focused on finding the right home, which is part of why this segment continues to hold up so well even as days on market stretch a little longer across the broader metro.

On the condo and townhome side, I'm seeing more selectivity from buyers, but I'm also seeing real opportunity for the right property. A well-located, well-maintained unit in a building with healthy reserves is still going to stand out, even in a segment that's working through a broader repricing. If you're a buyer who's been circling this market, this is exactly the kind of environment where having someone who knows the difference between a building that's holding value and one that isn't makes a real difference.

Questions I'm Getting From Clients This Month

Should I wait to list my home until the market feels stronger?

If you own a single family home, I don't think waiting gets you much right now. Inventory is tight, well-priced homes are moving, and I'm not seeing signs that buyers are pulling back. If you own a condo or townhome, waiting for pricing to bounce back isn't supported by what I'm seeing in the data either. In both cases, I'd rather help you price it right today than have you hold out for a shift that isn't showing up yet.

Is it a good time to buy right now?

For single family homes, yes, especially if you're planning to be in the home for a while. Inventory being this tight usually doesn't last forever, and I'd rather help you find the right home now than have you compete harder for less choice later. For condos and townhomes, I think this is one of the more interesting windows we've had in a while, particularly for first-time buyers or anyone who felt priced out of single family.

Why are homes taking longer to sell if prices are still holding?

Buyers are just being more thoughtful right now. They have more to look at, and they're taking their time comparing options before they commit. But once they do commit, they're still closing close to list price, which tells me they're not using that extra time to negotiate harder. They're using it to make sure they're picking the right home.

What should I actually do with this information?

Honestly, the numbers are only useful once we talk about your specific home, your specific timeline, and what you're actually trying to accomplish. That's the conversation I'd rather have with you directly than try to answer in general terms here.

What's Different From Last Summer

I think it's worth spending a minute on how this summer compares to last, because I've had a few clients ask if this feels like a repeat of last year. It doesn't, at least not entirely.

Last summer, we were still working through a lot of uncertainty around where rates were headed, and that hesitation showed up in slower decision-making across the board. What I'm seeing this year feels more settled. Buyers aren't necessarily moving faster, but they seem more confident in the decisions they are making. That shows up in the numbers too. Closed price to list price has barely moved, which tells me buyers aren't using this extra time on the market to chip away at price. They're using it to feel good about their choice.

The other difference is the inventory picture. Active listings being down close to fourteen percent from a year ago is a bigger annual drop than what we saw heading into last summer, and that tighter supply is part of why I don't think single family pricing is going anywhere but up from here, even if it's a gradual climb rather than anything dramatic.

For condos and townhomes, this year does feel like more of a continuation of a trend that started building over the past year or two, rather than something brand new. The repricing in this segment has been gradual and consistent, which actually makes it easier to plan around than a sudden correction would be. If you've been watching and waiting to see where this settles, I think we're getting closer to a place where pricing reflects reality rather than still adjusting to it.

A Quick Word on Timing This Summer

I get asked a lot whether summer is actually a good time to buy or sell in Denver, or whether it's better to wait for fall. Based on what I'm seeing right now, I don't think there's a strong reason to wait on either side.

For sellers, buyer activity remains steady through the summer months in this market, and with inventory as tight as it is, I don't see an advantage to holding off until fall when there could be more competition from other sellers trying to catch the same window. If your home is ready and priced well, I'd rather get it in front of buyers now.

For buyers, I know the instinct is sometimes to wait for more options to hit the market, but the data doesn't really support that right now. New listings are actually down slightly both month over month and year over year, so I wouldn't count on a wave of new inventory showing up later this summer to give you more to choose from. If anything, I'd rather help you move on the right property now than have you wait for a selection that may not materialize.

Let's Talk About Your Next Move

Numbers only mean something once we apply them to your specific situation. Whether you're wondering if now is the right time to list, curious what your home is worth in today's market, or trying to figure out if this is your moment to buy, I'd love to talk it through with you.

I'll be back next month with the July numbers. Until then, if you're thinking about making a move this summer, reach out. Let's figure out what this market means for you.