August was a telling month for the Denver Metro housing market. As a broker with Corken + Company, I spend every day studying these shifts and helping my clients understand what they mean for their unique goals. This month, we saw a modest rise in prices paired with some cooling in sales activity, along with a small increase in inventory that is giving buyers more room to breathe.
Prices Show Stability with a Modest Increase
The median close price in August reached $593,250, which is up 0.81 percent from July. This increase may seem small, but it shows the strength of the market even as other factors, like sales volume, trend downward. Sellers who price their homes competitively are still seeing solid offers, while buyers are finding that they have more time and flexibility than they did in past years.
Sales Volume and Closed Transactions Slow
We saw 3,636 homes close last month, which is a 5.83 percent decrease compared to July. Sales volume dropped to $2.60 billion, down 3.09 percent. These declines reflect what I’m seeing with my clients: buyers are being more deliberate and selective, especially with affordability in mind.
If you are thinking about selling, this is why strategy is everything. Homes that are well-prepared, well-presented, and priced appropriately are still drawing strong interest.
Inventory Rises and Days on Market Lengthen
Inventory is a critical number I watch closely. In August, we had 3.59 months of inventory, up 6.02 percent from the month prior. For buyers, this means a bit more leverage and more homes to consider. It is not a full shift away from a seller’s market, but it is progress toward balance.
The median days on MLS reached 30, a 25 percent increase. This is important for sellers to understand: homes are not moving as quickly as they once did, which makes thoughtful preparation and marketing essential.
Fewer New Listings, Fewer Active Options
Active listings fell to 13,059, down 6.69 percent, and new listings dropped to 4,686, a steep 12.48 percent decrease. This tightening of supply is fairly typical for late summer, as many sellers wait until fall to list again. Still, the reduced number of new options can give well-priced homes a competitive edge.
Pending Sales Signal Ongoing Demand
One of the most encouraging signs from August was the increase in pending sales. There were 3,921 homes under contract, an 8.37 percent rise month-over-month. This tells me that buyer demand is still strong and many are positioning themselves to close this fall.
My Advice for Buyers and Sellers
For buyers, this market is opening up opportunities we have not seen in recent years. More inventory, longer days on market, and stable prices mean you can be more selective without as much pressure to rush.
For sellers, the environment is still in your favor, but pricing and preparation are more important than ever. I always emphasize to my clients that presentation matters—professional staging, photography, and competitive pricing can make the difference between a home that sits and one that sells quickly.
Let’s Talk About Your Next Move
I would love to help you make sense of what these numbers mean for you personally. Every neighborhood in Denver has its own rhythm, and that is where working with a local broker who knows the area well can make all the difference.
If you are ready to start a conversation about buying or selling, reach out anytime. You can contact me directly at 720-434-4319.
