Denver average home value tops $716,245 in August, rising 2.90% from July and 1.16% year-over-year for all market segments. Both the average and median home prices increased month-over-month in August, and prices have remained relatively stable for much of the year, and buyer activity mirrored 2024 levels.

Inventory, however, is where we see the sharpest contrast. Through the end of August, 45,868 new listings have hit the market in 2025, up 10.49% year-over-year, yet active listings climbed even more, up 21.77%. Despite this, buyer demand has stayed steady, with closed sales nearly identical to 2024 levels. Despite the rise in active listings, Denver average home value keeps climbing. August ended with 13,059 active listings, a 6.69% decline from the previous month but 21.77% higher than a year ago.

New listings hitting the market fell 12.48% compared to July and are down 8.42% from this time last year. As we head into the fall, a seasonal slowdown is typical, with cooler weather and the back-to-school season often slowing buyer activity.

The Denver average home value for single-family homes posted a modest increase of 2.47% gain from July to $796,546, and a slight increase of 0.31% year-over-year from $777,326. Furthermore, single-family home inventory has risen steadily over the past year, from 7,497 to 9,025.

Average days on the market for all segments jumped 20% from the previous month and up 29.73% from last year. Days on the market have steadily increased with the rise in inventory. Accurate pricing and adaptability are essential for sellers. While pricing has remained relatively flat, buyers are more selective and price sensitive, especially with more inventory on the table.

In August, the Denver average home value of condos and townhomes rose 4.47% to $446,036, while year-over-year figures showed a modest 0.47% decline.

Despite rising inventory and higher interest rates, the Close-to-List-Price Ratio held steady at 98.52% across all segments.