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Denver Metro Market Update
Week of May 28, 2026
| 12-Yr Low U.S. Purchase Loans | +2.35% Denver Sales, Mo/Mo | 11,539 Active Listings |
ATTOM's first-quarter mortgage report landed this week, and the headline number is a real one. Lenders originated 581,261 home-purchase loans nationwide, the fewest in any quarter since 2014. New home sales told the same story, down 11% from a year ago in April. On paper, it reads like the buyers left.
Part of that quarterly drop is just the calendar. The first three months of the year are always the slowest stretch for lending, and ATTOM's own CEO pointed to the seasonal pattern. The part that isn't seasonal is the 12-year low itself. Even setting the slow season aside, fewer people are buying because the math stopped working: higher prices, rates back near 6.5%, and income that hasn't kept up.
Fewer buyers nationwide doesn't mean no buyers in Metro Denver. It means the ones still shopping have the upper hand.
What this means in Metro Denver
Deals kept getting done in Metro Denver through the national slowdown. April closed sales rose 2.35% from March, and the median close price held at $605,000, right about where it sat a year ago. The difference between here and the national picture is inventory. Active listings climbed to 11,539, so the buyers who are out there have more to choose from than they've had in years.
Who feels it first
That selection is what reshapes a market. The buyer the national data shows stepping back is the one stretching to qualify, and in Metro Denver that buyer matters most in two places: attached homes, meaning condos and townhomes, and anything above $750,000. Detached homes are still carrying the market. The attached segment, especially at the upper end, is where a thinner buyer pool turns up, because those sales depend on someone willing to reach.
For buyers
The national buyer pool is the thinnest it's been in over a decade, and Metro Denver is holding more inventory than it has in years. That combination is leverage. If you're shopping attached homes or above $750,000, you can take the time to inspect, compare, and negotiate without a line forming behind you. A year ago that pressure was real. Right now, in most price bands, it isn't.
For sellers
If your home is attached or priced above $750,000, you're listing into the softest corner of the market and selling to the exact buyers who are pulling back nationally. More than eleven thousand homes are competing for their attention. Price to the buyer who exists today, not the one who would have paid last spring, and the home moves. Hold out for last year's number and it sits.
Sources: ATTOM Q1 2026 Mortgage Origination Report, U.S. Census Bureau New Residential Sales, DMAR April 2026 Market Trends Report, REcolorado, Mortgage News Daily.
During the last week:
New Listings – 1728
Back On Market – 223
Price Increase – 91
Price Decrease – 2114
Pending – 1320
Withdrawn – 177
Closed – 1322
Expired – 318
Previous Week:
New Listings – 1921
Back On Market – 304
Price Increase – 113
Price Decrease – 2160
Pending – 1441
Withdrawn – 199
Closed – 1193
Expired – 323
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Based on data from REColorado®
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