DMAR Real Estate Market Trends Report | APR. '26

Median sale prices remain notably flat, continuing a multi-year pattern. April 2026 posted a median close price of $605,000, nearly unchanged from April 2025 ($604,000) and April 2024 ($602,000). Sales volume has followed a similar trend, with closed transactions holding relatively steady year over year, signaling a market that has found a consistent rhythm, less influenced by traditional seasonal swings.

From 2017 through the pandemic boom, Denver’s housing market followed predictable seasonality, with spring surges driving competition, rising prices, and tightening inventory. That pattern peaked in 2021-2022, when median prices jumped 30 percent from $473,450 in February 2021 to $616,500 in April 2022, before mortgage rate increases in late 2022 disrupted the cycle. That seasonality has yet to fully return.

“There was a time when Denver's real estate market moved with the seasons,” said Amanda Snitker, Chair of the DMAR Market Trends Committee and Metro Denver Realtor®. “Prices climbed each spring, peaked between April and June, then eased into fall. That predictability has faded.”

April 2026 reflects this shift. Closed sales reached 3,926, up 2.35 percent from March, as buyer activity continued building. Year-to-date closings totaled 12,631, down just 3.71 percent from the same period in 2025 and closely aligned with 2024 and 2023 levels, indicating a market holding steady rather than contracting. Inventory increased, with active listings rising to 11,539 (up 17.19 percent month over month) and new listings totaling 6,642. This expanded selection gives buyers more options without significantly pressuring prices downward.

Pricing remains stable across metrics. The average close price reached $724,057, up just 0.53 percent year over year, while the close-price-to-list-price ratio held strong at 99.44 percent, slightly higher than last year, showing that well-priced homes continue to sell efficiently.

Perhaps the most telling number is days in MLS, which tightened to a median of just 14 days in April, down sharply from 16 in March, and only one day longer than April 2025, reinforcing that homes are still moving quickly despite increased inventory.

Added Snitker, “Realtors® who can help reframe the narrative for clients who understand that stability is not stagnation, and that a flat price curve shows a market in balance rather than one running out of steam, are better positioned to make confident decisions on both sides of the transaction.”

Our monthly report also includes statistics and analyses in its supplemental markets that include properties sold for $1 million or greater, properties sold between $750,000 and $999,999 and properties sold between $500,000 and $749,999.
In the $1 million+ market, sales volume was seasonally consistent. In April, the market saw a 12.95 percent increase in active inventory compared to March. As we head into summer, it is normal for more inventory to hit the market. The current amount of inventory is only 0.95 percent higher than last year at this time. Median days in the MLS were up to 10 days compared to eight the previous year. A consistent trend over the past few years has been the detached market persevering while the attached market continues at a snail's pace.

Only detached properties over $2 million saw months of inventory over four months. With attached, whether it is $1 million to $1.5 million, $1.5 million to $2 million or above $2 million, every segment had months of inventory at or above 5.5. If you are a buyer looking for a property over $1 million, you are disproportionately going to be looking for a detached house.

“Sometimes, predictability isn’t boring at all,” said Andrew Abrams, DMAR Market Trends Committee member and Metro Denver Realtor®. “As the war in Iran impacts interest rates and buyers' fear of overpaying continues to create a conservative approach, there were still more closings in April than the month prior. Real estate has consistently been the backbone of the economy, sometimes with a flurry and these days with a steady consistency.” 

Added Abrams, “In a year of uncertain snow, economic factors and conscientious buyers, a slow and steady approach helps buyers and sellers alike. Buyers know that they can be selective in the property they are looking for, especially above a $2 million price point. For an attached property, they can most likely play hardball. For sellers, resetting expectations has been key. If you are selling an attached property, there is a fine balance between holding costs and the realization that where prices sit today is consistent with the past two years and most likely the future year or two as well.”
Highlights from April’s closed transactions include the sale of the highest-priced detached home, which was 49 Sunset Drive in Cherry Hills Village, which sold for $10,311,500. The highest attached sale was located at 335 Saint Paul Street in Denver, which sold for $3,300,000. 

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