Detached homes inside Denver remain relatively tight. Over the past 30 days, 726 sold against 1,670 active listings, leaving about 2.3 months of supply. At the current pace, it would take just over two months to sell everything on the market if no new listings appeared. The typical detached home went under contract in 11 days and sold near a median price of $697,500. Condos and townhomes tell a different story. During the same period, 303 sold while 2,003 remained active, creating roughly 6.6 months of supply. The typical attached property sold for $400,000 and spent 28 days on the market. These figures reflect the city of Denver, where attached housing makes up a larger share of inventory than in most suburbs. ### Reading the Numbers A common rule of thumb is that fewer than five months of supply favors sellers, while more than five months favors buyers. By that measure, Denver is simultaneously a seller's market for detached homes and a buyer's market for condos and townhomes. The strongest buyer leverage exists in the most affordable segment of the city's housing market. ### Why the Affordable Half Is Slower The usual explanation for slower sales is that prices and mortgage rates have pushed buyers out. But that's not what these numbers suggest. The segment with the most inventory and the slowest sales is also the least expensive. The challenge isn't the purchase price—it's the cost of ownership.
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