Historical Report: This page reflects Denver housing market data for May 2020. As of March 8, 2026, market conditions have evolved significantly. For the latest market analysis, home price trends, and inventory updates, please visit our Current Denver Real Estate Market Report.
In April, Denver metro had an unseasonably low number of homes go under contract (3,280) which directly impacted May’s number of closings. The number of homes that went under contract jumped to 6,809 in May which is even higher than May 2019’s number of 6,470. Additionally, the number of new listings increased by 36 percent month-over-month.
Furthermore, we are still seeing the close-to-list price continue to hover at 99 percent, indicating when a property is priced well, buyers are purchasing right at list price. Denver is still a seller’s market for all price ranges under $1 million. Inventory increased month-over-month, however, numbers show we are still lagging behind compared to years past. We had a 19.36 percent fewer homes for sale in May 2020 than we did in May 2019.
How the May 2020 Denver Market Compares to Today (March 2026)
Looking back at May 2020, the Denver market was navigating the unprecedented uncertainty of early COVID-19 lockdowns, with interest rates at a historic 3.15%. Since then, the Denver metro area has seen significant price appreciation over the last six years.
While the average single-family home price in May 2020 was $543,072, today’s buyers in 2026 face a market where average prices have climbed substantially, often exceeding $750,000 in many metro neighborhoods. Inventory, which was unseasonably low in 2020 due to the pandemic, has transitioned into a more balanced but higher-cost environment, with mortgage rates significantly higher than the record lows seen during the 2020-2021 era. Understanding these Denver housing market trends is essential for evaluating long-term equity growth in Colorado.
