06/09/2026
Happy Tuesday, everyone! Here is our monthly market update for May 2026. Please share with anyone who may find this information helpful.
Outside forces seem to be at work in the Denver Real Estate Market, as we feel the residual effects 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 sellers is that 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 remain in the mid-to-high sixes, which means you are better served by looking for a rate solution than by 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.