Denver Metro Area Real Estate Market Update
By David Schlichter
In the span of a mere days here in Denver, we went from a snow day with schools canceled to 94+ degree weather... And just like the weather, the real estate market can feel extremely hot or extremely cold, depending on the day! So how do you decipher what's really going on? Read on for our latest market update!
The Month at a Glance
One Number That Matters: 7,106
The difference between the number of active listings and the number of homes that sold in April. There are still more homes for sale per buyer looking; however, certain neighborhoods and property types are moving faster than others.
Source: REcolorado, residential, all property types, 01/01/2014 - 04/30/2026, counties: Adams, Arapahoe, Broomfield, Denver, Douglas, Jefferson. Accessed 05/06/2026.
The Number of Off-Market Opportunities Available Now (Compass Private Exclusives): 215
When you work with our team as a buyer client, we'll give you access to exclusive off-market inventory that non-Compass buyers can't see. As of today, there are 215 Compass Private Exclusive homes for sale that are not visible in the MLS, on sites like Zillow, or to any buyers working with a different brokerage--but they will be visible to you.
Local Business Spotlight: Little Blue Pigeon Bookstore
Denver’s newest independent bookstore opened its doors on Larimer last month, and it feels like Larimer Square is really starting to come back. This independent, women-owned, and family-owned bookstore offers a carefully curated selection of books across all genres to cater to diverse readers. We especially love their Book Forward literacy advocacy program, which partners monthly with a Denver-based literacy organization and donates one book for every five sold.
If there is anything our award-winning team can do for you, please reach out to us today to start the conversation.
Denver Metro Area: Market Report
Sales are up 8.7% month-over-month, while showings are down 10.1%. Days on market are down 17%, while new listings are up 11.7%. Some listings are getting bidding wars and others aren't getting any showings at all, multiple weeks into being on the market. So what's really going on and what is important for you to know?
There are roughly three times more homes currently on the market than are selling, but your odds of success when it comes to a sale or purchase vary substantially depending on your property type, price point, condition, and location. Condos are much more oversupplied than detached single family homes. Downtown Denver's office vacancy rate is over 38%, while Cherry Creek's is essentially 0%. When we go out on listing appointments, sometimes we are meeting with sellers in parts of the region where there are two to three times as many listings that have lingered on the market or expired compared to the number that have closed. Other times, nearly every nearby similar listing has sold.
This is a nuanced market, and the reality is we can't distill this market down to one sentence and say "this market is horrible" or "this market is fantastic." What we can do is provide the best information possible that is as specific as possible to your neighborhood and property type so that you can make the most strategic and informed decisions possible. There are certainly lots of opportunities to take advantage of in this market, and we look forward to helping you uncover them.
Your situation is unique, and you deserve personalized advice. Contact us today to discuss how the market conditions impact your home purchase or sale!
Denver Metro Area: March Market Stats
Included Counties: Adams | Arapahoe | Broomfield | Denver | Douglas | Jefferson
Source: REcolorado and ShowingTime, residential, all property types, April 2025 vs. April 2026, March 2026 vs. April 2026 (accessed 05/06/2026).
