I analyzed price bracket distribution across 4 consecutive Mays (2023-2026) for South Metro Denver detached homes. Here’s what stood out:

The top is growing. $1M+ closings now represent 18.2% of all detached sales in May 2026 – up from 15.3% in 2023. In raw numbers, that’s 443 to 528 closings. This isn’t a blip. It’s a consistent three-year climb that hit a new high this May.

The middle is softening. The $500-$600K bracket – historically the fattest part of the Denver detached market – has quietly lost share every single year. It peaked at 22.9% in 2023 and now sits at 19.4%. That’s a -3.4 percentage point shift in just three years.

The $600-$700K bracket, which straddles the current detached median of $675K, is also trending down – from 19.2% to 17.4%.

What this means:

For buyers, competition is intensifying at the top end. $1M+ properties are trading in a market where demand is structurally growing.

For sellers in the $500-$700K range, the data suggests more competition and less pricing power than three years ago. Positioning and preparation matter more now.

For agents, understanding where the market is moving – not just the headline median – is what separates data-driven advice from guesswork.

The median price tells you the center. The bracket distribution tells you the direction.

📊 Data: REcolorado.com | Analysis: Joe Krajnc, Data-Driven REALTOR®, Coldwell Banker
Chair, SMDRA Statistics Committee | South Metro Denver – May 2026