It’s that time of month again! Take a look at the Denver Metro Area Market statistics.
Year-Over-Year: While new listings declined year over year, the Denver market in May reflected continued buyer activity and steady absorption of available inventory, supporting overall stable pricing conditions.
Closed listings showed a 2% decrease with 4,054 homes sold, reflecting a slowdown in buyer activity compared to last year. Despite fewer closings, pricing remained resilient, as the median home price reached $615,000, a 3% increase from last year -indicating that demand is still strong enough to support gradual appreciation.
Homes also took longer to sell, with median Days in MLS increasing to 16 days, up 2 days from last year. This subtle increase suggests buyers are taking a bit more time to evaluate options, and sellers have to be more strategic with pricing and presentation.
On the supply side, new listings declined significantly, down 18% year over year to 6,002 homes hitting the market. While this pullback is notable, pending sales increased 5% to 4,232, signaling that buyer demand has not disappeared; it is simply competing within a tighter pool of available homes.
Active listings decreased 8% overall, leaving approximately 13 weeks of inventory, an indication of a balanced market.
Month-Over-Month Insights: As spring progressed, May saw continued stability in the Denver Metro housing market, driven by steady buyer demand and seasonally shifting seller behavior. Closed listings increased slightly—up 1% month over month—and median home prices rose 3%, reflecting sustained confidence in pricing and consistent absorption of available inventory despite tighter supply conditions.
Market pace slowed only modestly, with median Days in MLS increasing by 1 day to 16, indicating that homes are still moving consistently, but buyers are taking a slightly more measured approach.
Seller activity also eased month over month. New listings dropped 10%, reflecting seasonal cooling after the early spring surge in listings.
Meanwhile, pending listings increased 4%, suggesting that well-priced homes are still attracting strong interest and going under contract at a healthy rate, even amid a more limited flow of new inventory.
Denver Metro Rental Market: Across the rental market, activity showed signs of moderation compared to last year’s pace. Leased properties declined 13% year over year to 284, pointing to a cooling in overall rental transaction volume. Median rent decreased 4% to $2,798, suggesting some easing in rental pricing pressure as the market becomes more balanced than in prior periods of tighter demand.
Price-per-bedroom declined 2%, while price-per-square foot increased 1%, indicating a subtle shift in renter preferences and property mix. Rental properties also took slightly longer to lease, with median Days in MLS increasing by 1 day to 23.
Overall, the rental market reflects a gradual shift toward greater balance, with moderating demand and pricing adjustments signaling a more stable and sustainable leasing environment heading into the summer months.
Closed Listings:
- Closed transactions declined by 2% year over year and were also lower than April 2026. This slight slowdown suggests buyers may be taking a more measured approach, making consistent follow up and strong client communication especially important.
Closed Prices:
- The median sale price rose to $615,000, a 3% increase from May 2025. This gain reflects continued price strength and gives agents an opportunity to reinforce value when discussing pricing strategies with sellers.
New Listings:
Pending Listings:
Days in MLS:
Activity by Price Range:
- Overall, the median sale price increased to $615,000, up nearly 3% from May 2025. With new listings down 18% and homes selling in a median of 16 days, limited supply continues to support pricing and keeps competition strong for well positioned listings.
All Date is taken from ReColorado, June 4, 2026
