Market Matters June, 2026 - soft, yet stable?

Denver Metro Housing Market Summary — May 2026 Data

The Denver metro housing market found its footing in May 2026, with supply rather than demand driving the slowdown. According to REcolorado data for the Denver Metro Association of REALTORS® area, new listings fell 16.4% year over year while closed listings slipped only 2.9% to 4,547.

The metro median closed price rose 1.6% to $620,000. Homes averaged 38 days in the MLS, up 15.2% from last May, yet still sold for 99.3% of list price. The 30-year fixed mortgage rate was near 6.47% (Freddie Mac PMMS).

Submarket results diverged: Denver's median rose 5.5% while Parker's slipped 1.4%. Pricing, marketing time, and comparable selection need to be evaluated submarket by submarket rather than from a metro-wide average.

Submarket Highlights

• Arvada: median $649,000 (-1.7%); closings +15.6%, the strongest volume gain in the group; 32 days in MLS.

• Aurora: median $485,000 (+1.0%), the most affordable submarket; closings -15.9%; 44 days in MLS.

• Centennial: median $720,000 (+6.4%), the highest in the group; 23 days in MLS; 100.2% close-to-list.

• Denver: median $617,390 (+5.5%); closings +8.4%; 37 days in MLS at 99.0% of list.

• Littleton: median $650,000 (0.0%); closings -11.3%; 99.7% close-to-list.

• Parker: median $684,990 (-1.4%); closings -21.6% for the month, -12.8% YTD.

Michael Manley Appraisals, LLC provides residential appraisals in the Denver metro area for divorce, estate and trust, relocation, and mortgage purposes. Figures are REcolorado® Local Market Update statistics, not appraised values; this is general market commentary, not an appraisal of any specific property. Request an appraisal.