Historical Market Data: This report reflects Denver housing market data from May 2019. To see how these trends compare to the current market, including the latest inventory and pricing shifts, visit our Updated Denver Market Report (February 2026).
How the May 2019 Denver Market Compares to Today
The Denver real estate landscape has evolved significantly since this report was first published. In May 2019, the median sold price for a single-family home hit a then-all-time high of $470,000. Fast forward to today (March 2026), and that same median price has grown by over 30%, consistently hovering above the $610,000 mark.
While 2019 mortgage rates were considered “low” at just over 4%, the current market has seen a shift toward more stabilized rates following the volatility of the early 2020s. Inventory levels, which were at 8,891 in May 2019, have fluctuated significantly, making the expert guidance of a Denver real estate agent more critical than ever for navigating competitive neighborhoods like Highlands, RiNo, and Cherry Creek.
A Look at the Numbers: May 2019 Statistics
Active inventory in the 11-county Denver metro area rose to 8,891.
For the fifth month in a row, active inventory was up. Metro Denver had 8,891 homes for sale compared to 7,012 in April. Also for the fifth month in a row, the number of homes sold and homes under contract had an increase. The number of sold homes was up to 5,551, a 10.66 percent increase from last month. And 4,724 homes went under contract.
Working with an experienced Usaj Realty broker during these shifts was essential for buyers.
Population Growth and Economic Impact
Net in-migration remains a powerhouse for the local economy.
Large scale companies are continuing to move to Denver, and as long as that keeps happening, new employees will need a place to live. According to Moody’s Analytics, Denver is projected to add 69,000 “net new jobs from 2018 to 2023 and the unemployment rate will remain below 3%,” (CREJ). Experian projects an additional 33,500 renter households will be added to the marketplace from 2018 – 2023. This demand fuels steady rent prices as well as the demand for entry-level homes at affordable price points.
Tech companies are also seeing the ROI in opening offices in the Mile High City. 120 new tech companies formed in Downtown Denver in 2018, for a grand total of 724. Facebook and Amazon are among those who have made the move.
This growth is most visible in central Denver neighborhoods, where tech expansion continues to drive demand.
Stay informed on the Denver housing market trends. For the most recent data on inventory and prices, check out our latest market trends report or contact our team to discuss your home’s current value.
