Ask 10 Coloradans how the housing marketap doing, and you’ll probably get 10 different answers. And they might all be right.
shows a state thatap holding steady on the surface.
Look closer, and you’ll find two stories playing side by side: single-family homes hang tough, while condos and townhomes are feeling the squeeze.
The big picture
Statewide, 7,934 homes sold in July, basically flat compared to last year. The median price sat unchanged at $550,000, while the average price ticked up 3% to $726,149. Inventory dropped nearly 8%, and months’ supply eased down to 4.8.
Single-family homes revealed quiet resilience. Sales rose slightly, prices climbed 1.3% to $592,845, and homes sold in about 53 days.
Attached properties told a different tale. Contracts fell more than 10%, closed sales slipped, and the median price dipped to $397,250. Buyers took an extra three weeks to close the deal compared to single-family shoppers.
So, whatap going on? Fewer sellers are listing, not more buyers competing.
Thatap a subtle but important distinction, and itap reshaping what “low inventory” means for sellers hoping for leverage.
For buyers, this may not mean bidding wars or frantic competition like in past years, but it does mean fewer options on the market.
While sellers might expect scarce competition to give them more power, buyers are often more selective. They can negotiate harder, especially on homes that have been sitting for a while or aren’t turnkey perfect.
Denver metro: a tale of two markets
In the seven-county Denver metro area, active inventory fell 17%, yet the median price rose 3% to $590,000.
noted that although fewer homeowners are listing their properties—tightening the market overall—the impact varies dramatically by home type.
He noted that concessions showed up in nearly two-thirds of July sales, with attached properties feeling the most pressure.
His bottom line? Shrinking inventory shouldn’t be mistaken for a “universal return of pricing power.”
What agents around the state are seeing
said prices there have stayed flat, and she’s steering sellers away from pricing based on last year’s gains.
described a market that feels tougher than the numbers suggest, pointing to affordability strain and rising HOA costs squeezing the condo segment especially hard.
Meanwhile, in mountain and resort towns, the picture varies wildly. Telluride posted its strongest July in six years, with $102 million in sales volume.
Grand County shifted toward buyers, with roughly three-quarters of sales closing below asking price. Pueblo County saw prices soften as buyers grew choosier.
Across the Western Slope, San Luis Valley, and Eastern Plains, communities are experiencing a patchwork of market conditions—some regions continue to see strong, consistent demand, while others are grappling with a noticeable slowdown.
What it means for buyers and sellers
Think of Colorado’s market like a mountain range: some peaks are climbing, some valleys are settling, but the whole terrain isn’t moving as one.
Single-family sellers still have some wind at their backs. Condo and townhome sellers need to price sharply and stay patient.
And buyers, especially in the attached market, have more room to negotiate than they’ve had in years.
The news and editorial staffs of The Denver Post had no role in this postap preparation.
