Historical Report Notice: This report reflects Denver housing market data from September 2019. For the latest insights on home prices, inventory levels, and interest rates, visit our Updated Denver Real Estate Market Report (2026).
The Denver real estate market continues to show resilience as we move into the final quarter of 2019.
The price of homeownership in Denver increased yet again in September 2019 year-over-year but dipped just slightly when comparing the numbers to August. The average sold price for a home in metro Denver for September was $483,734, a 6.06 percent jump from September 2018 and a .56 percent decrease from August.
If realtors have noticed a shift in the Denver market, it may be related to the fact that demand is not as strong as it was last year, in spite of rock-bottom interest rates and increasing rent prices (DMAR reported that rent prices have gone up 74% in the last decade). The number of homes sold in September, both attached and detached homes, dropped 2.22 percent when compared to 2018, according to the report. Affordability affects demand as well. There were only 3,472 homes for sale priced between $300,000 and $499,999 in August and 3,404 in September.
How the September 2019 Denver Market Compares to Today (2026)
The Denver housing landscape has evolved significantly since late 2019. While the average sold price in September 2019 was $483,734, today’s median prices have surged by over 40%, reflecting Denver’s sustained demand despite broader economic shifts.
- Price Growth: Homeowners who purchased in 2019 have seen substantial equity gains; the $450k–$480k range is now a historical benchmark rather than the current average home price in Denver.
- Inventory Changes: In 2019, active inventory sat around 9,286 units. Current 2026 levels remain significantly tighter, contributing to a more competitive Denver housing market forecast.
- Mortgage Rates: The “4% mortgage math” mentioned in this historical report is now a relic of the past. With 2026 rates averaging between 6.2% and 6.5%, purchasing power and seller strategies have shifted toward creative financing and concessions.
Wondering if it’s a good time to buy a house in Denver? Contact a Usaj Realty broker for a personalized consultation.
September 2019 Market Statistics
Average Sold Price: $483,734
Median Sold Price: $415,000
Active Inventory: 9,286
