DMAR Real Estate Market Trends Report | July 2026

July’s housing market gave us a clear look at what it is: measured, patient and increasingly shaped by life circumstances. Inventory continues to rebuild at a steady pace. Active listings rose 2.91 percent from June to 13,115 at month's end, though supply remains 6.29 percent below where it stood last July. New listings pulled back 5.32 percent month-over-month to 5,447, a typical summer cooling as sellers who were going to list this year have largely already done so.

Buyers are moving more slowly, and sellers are adjusting to longer timelines. Homes that closed in July spent a median of 21 days in the MLS, up from 18 days in June, though still faster than last July's 24-day median. The close-price-to-list-price ratio held at 99.0 percent, essentially unchanged from June, a sign that patience on timing isn't translating into meaningful price negotiation. Buyers appear to be waiting for the right home, not necessarily holding out for a discount.

The combined attached and detached median close price came in at $605,000, up 2.95 percent year-over-year despite a seasonal dip of 1.54 percent from June. Closed sales fell 11.81 percent month-over-month and 5.68 percent year-over-year to 3,667, continuing a pattern we've watched build over the past several years — transaction volume that stays below the highs of the early 2020s without any of the alarm that would suggest a market in real trouble. Year-to-date, the totals back this up: 24,958 homes have closed so far in 2026, down just two percent from the same stretch of 2025, and the year-to-date median price of $600,000 is essentially flat compared with last year.

The balance looks different depending on what someone is buying. Looking at detached homes, active inventory rose 3.81 percent month-over-month to 8,584 listings, with just under three months of supply and a median of 17 days in the MLS, well-priced single-family homes are still finding buyers at a pace closer to a seller's market than a buyer's. The median detached price of $660,000 is up 1.54 percent year-over-year. Attached homes tell a different story. Active listings climbed 5.67 percent year-over-year to 4,531, closings fell 12.18 percent year-over-year and the median price slipped to $380,000, down 2.56 percent both month-over-month and year-over-year. Condos and townhomes had a median of 40 days on market (more than double the detached pace) and have nearly 5.7 months of supply, squarely in buyer's-market territory. First-time and entry-level buyers, who lean most heavily on this segment, remain the most exposed to affordability pressure.

“Every market has a story it tells about itself, and Denver Metro's for July was one of comparison, but not to last month,” said Amanda Snitker, Chair of the DMAR Market Trends Committee and Metro Denver Realtor®. “The temptation is always to measure today against the version of the market we remember or maybe “liked” better: the frenzy of 2021, the razor-thin inventory of 2022, the home prices from 2011. That comparison rarely serves buyers, sellers or the agents.”

Added Snitker, “The people moving through this market are moving because life is asking them to — a growing family, a job change, a divorce, a death, a downsize. Those transactions don't pause for market sentiment, and they're a large part of why sales have held as steady as they have. Today's 13,115 active listings remain well below the 20,000-plus this market carried routinely between 2008 and 2012, reminding us that the Denver Metro market isn't oversupplied by historical standards. It's simply no longer scarce.”

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.

While Denver’s broader housing market cooled in July, the $1 million-plus segment continued to chart its own course, showing resilience where other segments have softened. 

Year-to-date sales in this segment climbed to 3,569 transactions through July, driving sales volume up to $5.83 billion and delivering the strongest luxury market Denver Metro has seen since 2022. Luxury properties are selling 19 percent faster than the overall market, spending a median of just 17 days in the MLS compared with 21 days across all price points.

While detached homes continue to account for the majority of activity and volume in this market segment, luxury condominiums were the standout story in July. Attached sales in Denver’s luxury tier surged, with closings jumping 26.09 percent month-over-month and 81.25 percent year-over-year. Sales volume more than doubled year-over-year, soaring 108.3 percent, while price-per-square-foot climbed to $572, nearing its 2022 high-water mark.

“Denver's $1 million+ market continues to operate independently from factors holding back the metro area’s broader housing market, buoyed by substantially greater financial flexibility, making the greatest luxury in today's market not just the home itself but having the means to buy at all, and doing so on your own terms,” said Michelle Schwinghammer, DMAR Market Trends Committee member and Metro Denver Realtor®. 

Highlights from July's closed transactions include the highest-priced detached sale at 7 Village Road in Cherry Hills Village, which sold for $7,112,500 in cash. The highest attached sale was 155 Steele Street Unit #1117 in Denver, which sold for $5,400,000 in cash.

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