The Denver housing market August 2026 numbers extend a trend that started mid-summer: more inventory, slower sales, and a median sold price that keeps stepping back. Denver still sits on the seller’s side of the line, but the gap is narrowing.
The Big Picture
Denver remains in seller’s market territory with 5.09 months of inventory, up 4.3% from the previous month. Homes sold for 98.2% of list price, down 0.59%, and the median sold price came in at $575,000 — down 8.73%.
That is the second straight month of falling median sold prices and rising days on market. In July the median was $630,000 with 4.88 months of supply; August moved further toward balance on both counts.
Speed to Sale
The median time a home spent in RPR (Realtors Property Resource) before selling was 32 days, up 23.08% from the prior month. Active listings are sitting a median of 63 days, unchanged month over month.
Thirty-two days is still a workable timeline by historical standards, but it is roughly a week longer than July. Sellers who priced for a two-week sale in the spring are now planning for a month or more.
New and Pending Activity
New listings in August totaled 1,209 properties, down 3.8%, at a median list price of $575K — up 1.8% — with total dollar volume of $918.1M and a median living area of 1,576 square feet. Median $/sqft on new listings held flat at $387.
Pending activity, which had fallen sharply in July, rebounded. New pending listings rose 9.5% to 655 properties at a median list price of $575K, with total volume up 22.6% to $528.8M. Pending listings overall climbed 6.5% to 753 properties at a median list price of $559.9K, sitting a median of 30 days.
Pending listings offer an early read on where closed sales are headed, since these are homes already under contract but not yet finalized. After July’s sharp drop, August’s rebound suggests September closings should hold up better than August’s did.
Active Inventory
Active listings totaled 3,714 properties, up 3.4%, at a median list price of $525K — up 0.2% — with a median of $377 per square foot and total active dollar volume of $2.71B, up 4.5%. Median living area on active listings was 1,420 square feet.
Note the spread: active listings are priced at a median of $525K while homes are actually closing at $575K. Buyers browsing the active pool are looking at a different — generally smaller — set of homes than the ones getting to the closing table.
Sold Homes
595 homes sold in August, down 15.8%, at a median price of $575K and a sold-to-list ratio of 98.16%. Total sold volume came to $460.9M, down 20.5%. Median sold price per square foot was $387, up 0.3%.
That last figure is worth holding onto. The median sold price fell 8.7% while price per square foot rose slightly, which points to a shift in the mix of homes closing rather than a broad markdown on Denver real estate.
Property Values Continue a Gentle Slide
The median estimated property value across Denver came in at $568,770, down 0.5% month over month and down 2.6% over the past 12 months. Denver values remain in a slow, shallow decline rather than a sharp correction.
Months of Supply: What 5.09 Means
Months supply of inventory sits at 5.09, up 4.3% from last month. That is the highest reading in this year’s series so far and the closest Denver has come to the balanced-market threshold.
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 5.09 still lands on the seller’s side, though only just.
What This Means for Buyers and Sellers
For sellers, August was the clearest signal yet that the market has changed character. With 3,714 active listings competing for attention and the sold-to-list ratio slipping to 98.16%, pricing accurately at launch matters more than it has all year. Plan for 32 days or more on market, and treat the first two weeks of showings as your real feedback loop — if traffic is thin, the price is the reason.
For buyers, this is the most room you have had in a while. Inventory is up, homes are sitting, and the rebound in pending activity has not yet tightened conditions back up. You have time to tour twice, order inspections, and negotiate terms without losing the house to three competing offers.
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), August 2026, based on Denver, CO listings for single-family, condo, townhome, and apartment properties.
To see how the summer progressed, compare these figures with our Denver housing market update for July 2026. Check back each month as new figures are released.