The attached home market in Denver is quietly hollowing out in the middle.
Last week I showed you detached homes bifurcating upward – $1M+ claiming a bigger share every year. The attached market tells a completely different story.
1 in 5 detached homes sold in Denver last month closed above $1 million
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+
What actually makes a Denver Home set on the market longer?
I put 10 years of Denver Metro housing data through a Random Forest machine learning model – 24 market variables – to find out.The model
One number moves Denver’s detached home prices more than anything else
Not inventory. Not days on market. Not how many homes are closing. It’s the Close-to-List Ratio — a measure of how aggressively buyers are bidding
Inflation check — the Fed’s favorite gauge just dropped.
The Personal Income & Outlays report hit this morning. Most people call it the “PCE report” but it’s actually much broader – it tracks income,
PPI Final Demand
PPI feeds into construction costs (materials, labor, transport)Construction cost inflation → new home prices stay elevatedElevated new home prices → resale prices get a floorServices