HOUSING
Colorado home prices fell again. Here's what's actually happening.
3 min read · 8 min watch
Priya Raman · August 14, 2026
The short version
Colorado home prices fell 4.2% year over year in July. Denver saw a larger decline, while several mountain communities moved in the opposite direction.
Why it matters
Prices set the floor for property tax bills, for what new construction pencils out, and for whether renters ever convert into buyers. A statewide average hides three different housing markets.
What changed
Inventory in the metro is at its highest level since 2011 and days-on-market has doubled. Sellers who bought in 2021 are the first group listing at a loss in volume.
Where things stand
Denver metro is down 6.1%. Colorado Springs is roughly flat. Summit and Eagle counties are up between 2% and 5% on thin volume.
What happens next
August assessment notices land in September, and the special session's assessment rate decides whether falling prices reach tax bills this cycle or next.