Metro Denver Real Estate Market Update – June 2026

Our market update for the metro Denver area for June 2026 is broken down into All Residential, as well as Luxury Residential stats.

Below are links to download our update, as well as a breakdown of the stats in more detail:

• Metro Denver Area Residential Market Update
• Metro Denver Area Residential Luxury Market Update
• Metro Denver Area Residential Market Update Detailed Stats

Metro Denver Area Residential Market Update

Outside forces seem to be at work in the Denver Real Estate Market, as we feel the residual affects of wars and rumors of wars in our costs of living, potential higher inflation and maybe a stronger economy with more jobs being created which in turn increases the risk of higher interest rates! Stubbornly high and fluctuating mortgage rates are impacting BOTH seller activity and buyer demand.

May saw some nice late Spring activity as the Pending Sales were just over 4,100 which is up 2% from May of 2025 and Closed homes were right at 4,000 however that is down almost 7% from May of last year!

The inner market story for seller’s is new listings in May were down 9.5 percent from last month and 17.5 percent from last year.  Buyers continue to be active signaling that demand has not disappeared; it is simply taking its time within a tighter pool of available homes. Inventory is at 13 weeks – just over 3 months – and that is an indication of an emerging balanced market if new listings don’t keep pace with demand this Summer!

Median Residential home prices reached $615,000, a 2.5% increase from last year at this time, and the Average price of a Residential home was $744,000, a 3.3% increase from May of 2025!   

For Sellers: preserving market value without having to move on price, means preparing your property to anticipate inspection contingencies, and potentially offering concessions to buyers for rate buydowns. Well-priced homes that show value are still attracting strong interest and going under contract at a healthy rate.

For Buyers: new purchase, move up, and downsizing buyers can expect interest rates to continue in the mid to high sixes which means you are better served looking for a rate solution than waiting for a substantial price correction.

In an adjusting market everyone needs to be open to negotiation, which demands professional skills and focus on client outcomes.

Affordability fatigue is a perfectly logical human response and is nothing new, so how you deal with it is where strategy, perspective and professionalism are demanded.

If I can answer questions or assist you, your family or friends in anything real estate related please call today!

Make it a great Summer!

Metro Denver Area Luxury Market Update

The Denver-area luxury real estate market continues to demonstrate remarkable stability despite a shifting housing landscape. In May, new luxury listings declined by 20% compared to the same period last year, while average sales prices remained virtually unchanged. At the same time, year-to-date luxury sales activity is tracking even with 2025 levels, and the total number of luxury homes sold in May increased by 6%.

Taken together, these metrics point to a market that remains healthy and balanced, supported by steady demand and a limited supply of new inventory. Luxury buyers continue to be active, but they are approaching purchases with greater selectivity and confidence than during the frenzied market conditions of recent years.

For sellers, the reduction in new listings presents an opportunity to stand out in a less crowded marketplace. Stable pricing indicates that well-positioned luxury properties are continuing to command strong values, particularly when priced appropriately and presented at a high level.

For buyers, the market offers a different advantage. While prices have held firm, inventory constraints have prevented excessive competition, creating an environment where thoughtful negotiation and careful property selection remain possible. 

The combination of flat pricing, steady sales volume, and fewer new listings suggests that Denver’s luxury market is neither strongly favoring buyers nor sellers but rather operating from a position of equilibrium. As we move deeper into the summer season, this balance should continue to support confidence on both sides of the transaction.