The Denver housing market July 2026 figures gave buyers something they have not had in a while: a little breathing room. Inventory climbed, homes took noticeably longer to go under contract, and the median sold price stepped back from June. The market still sits on the seller’s side of the ledger — but it is a considerably more patient version of a seller’s market than Denver has seen in recent years.
The Big Picture
Denver remains in seller’s market territory with 4.88 months of inventory, up 6.32% from the previous month. Homes sold for 98.7% of list price — essentially unchanged month over month — and the median sold price came in at $630,000, down 3.82%.
Worth noting: while inventory built month over month, months of supply is actually down 8.6% compared to twelve months ago. This is a monthly loosening, not a flood of new listings.
Speed to Sale
The median time a home spent in RPR (Realtors Property Resource) before selling was 26 days, up 44.44% from the prior month. That is the single largest shift in this month’s report. In practical terms, homes that were going under contract in well under three weeks during June needed closer to four weeks in July — enough time for buyers to see a property twice, order an inspection, and think.
New and Pending Activity
New listings in July totaled 1,260 properties at a median list price of $575K — flat on price, down 3.8% on count — with total dollar volume of $932.8M and a median living area of 1,560 square feet.
Pending activity is where the caution shows. New pending listings fell 24.7% to 551 properties at a median list price of $560K, with a median of 32 days in RPR. Pending listings overall numbered 631, down 26%, at a median list price of $550K. Fewer contracts written in July means August closing counts will likely be lighter.
Pending listings offer an early read on where closed sales are headed, since these are homes already under contract but not yet finalized. When pending counts drop this sharply in a single month, it is usually the first signal to watch.
Active Inventory
Active listings totaled 3,549 properties, up 3.6%, at a median list price of $531.5K — up 1.2% — with homes sitting a median of 59 days on market and a median of $384 per square foot. Total active dollar volume reached $2.6B.
Sold Homes
694 homes sold in July, down 16.8%, at a median price of $630K and a sold-to-list ratio of 98.74%. Total sold volume came to $563.5M, down 18.6%.
One detail keeps the price dip from being alarming: median sold price per square foot actually rose 3.2% to $386. A falling median sold price alongside rising price per square foot usually means the mix of homes selling shifted toward smaller properties, rather than values broadly declining.
Property Values Continue a Gentle Slide
The median estimated property value across Denver came in at $571,910, down 0.3% month over month and down 3.1% over the past 12 months. Denver is in an extended plateau rather than a sharp correction.
Months of Supply: Up for the Month, Down for the Year
Months supply of inventory sits at 4.88, up 6.3% from last month but down 8.6% over the past year. That combination is what keeps Denver on the seller’s side of the line even as buyers gain short-term leverage.
What Months of Supply Really Measures
Months of supply estimates how long it would take to sell through all current inventory at the existing sales pace, assuming no new listings came onto the market. Lower figures generally favor sellers, since limited inventory relative to demand supports pricing and shortens time on market. Higher figures tend to favor buyers. Anything under roughly six months is traditionally considered a seller’s market, which is why 4.88 still lands on the seller’s side despite the monthly increase.
What This Means for Buyers and Sellers
For sellers, the version of this market that forgave overpricing is gone. With 3,549 active listings competing for attention and a 98.74% sold-to-list ratio, accurate pricing is still rewarded with near-asking offers — but aspirational pricing now gets punished with extra weeks on market. Build 26 days or more of marketing time into your plan, particularly if you are coordinating a purchase on the other end, and treat staging and photography as necessary rather than optional.
For buyers, July was the most workable month in a while. A 26-day median gives you room to tour twice, review disclosures, and negotiate inspection items without losing the house. With inventory up and pending activity down sharply, sellers are more receptive to appraisal and inspection contingencies than they were earlier in the year.
As always, conditions vary significantly by neighborhood and price point. A condo in Cherry Creek and a single-family home in Green Valley Ranch are effectively different markets, so working with an agent who knows the specific submarket remains valuable.
Data source: Realtors Property Resource (RPR), July 2026, based on Denver, CO listings for single-family, condo, townhome, and apartment properties.
For more Denver Metro market updates, check back each month as new figures are released.
To see how conditions shifted over the summer, compare these figures with our Denver housing market update for June 2026.