Condos & Townhomes in Denver: Is the Attached Market Finally Waking Up?

It’s official—Denver’s attached property market (namely condos, townhomes, as well as similar housing) is improving after it was clearly in such a slump. And while it is not exactly a booming seller's dream, February hinted at gentle movement... the sort that wise buyers and sellers must watch carefully.

So, what specifically did go down during February, then? We will check out multiple figures, add in a bit of context, and yes—try to make real estate somewhat less “spreadsheet” and more of a “story.”

To begin, note this headline: The supply of attached-home listings went up nearly 13% since January and increased 70.5% from the same time last year, up to 2,837 units for sale.

Why? A few things:

1. Many sellers are waking up early. For listing a home within Denver, the “sweet spot” is from late February until mid-April, and savvy homeowners now are getting a jump regarding all things.
2. Heightened interest rates are continuing to keep many buyers cautious, which means homes simply aren’t flying off the shelf like they absolutely did in 2021, and therefore listings tend to stick around for longer.
3. Remaining affordable is a key issue, and attached homes have a much more accessible cost—so demand is steady, though somewhat quieter.

Actually, the February report from PorchLight mirrors this as well as sharing 1,466 totally new listings (a 7% MoM increase and 17.6% YoY rise).

Here is precisely where it really gets interesting. Here is where it gets exceedingly interesting. Pending attached-home sales actually went up 13.5% from January, reaching 842 homes under contract. However, since last year, they still decreased by almost 9%.

So, is the overall market in reality heating itself up right now? Sort of. Buyer activity is indeed and definitely picking up, and yet many are still treading quite cautiously. According to that which the Colorado Association of REALTORS® says, high rates and other economic unknowns are “keeping buyers in the contemplation zone longer than usual”.

Several homes do sell, meanwhile. They’re often taking longer. Average time on market: 41. Average: 61. That is an increase of more than 24% since last year.

Translation: This ain’t 2021. Buyers have more time. Sellers need more patience.

The average sold price that was seen for attached homes was near $449,577—up by 3.6% from January. The median price then climbed right up to $395,000, which is really a 2.1% bump. Sounds good, right?

Well, just compared right to last year, those two particular figures are down—2.8% and 1.3%, respectively. This suggests several prices may have stabilized after a quite rocky 2023 and early 2024, but the buyers still have large negotiating power.

Need proof? A slight majority (54.9%) of closed transactions during February sold for *under* the asking price. And concessions? An important 64.6% of sales had them, with the average allowance being slightly over $8,100—mostly for buyer closing costs or mortgage buydowns.

Sellers: now is *not* the time to pray and overprice. You'll get ghosted even more quickly than a bad Tinder date.

Only 32% of the homes attached listed were sold in February. That’s down now from 38% one year ago, and it tells to us one single thing so very clearly: this market is still so competitive... just not ever in the multiple-offer, escalate-to-the-moon way.

However, certain locales thrive. Areas with ZIP codes to the west from I-25, such as Lakewood, north Denver, and Lone Tree, are experiencing increased buyer interest along with greater sale chances.

Showing activity increased 10.3% from January (around 15,000 showings total), though it was still a bit down from last year. Generally, potential purchasers viewed 11 houses before submitting multiple bids.

So no, potential purchasers aren’t fully deserting the entire market—but they are certainly exploring options routinely before fully deciding.

Honestly? It all depends upon what your zip code may happen to be, and it depends also upon what your price point is.

- For purchasers: You certainly have leverage, as well. Greater quantity of houses, lengthier duration on market, and many compromises entail present negotiation.
- For sellers: Price at it right, prep it well, and you’ve still got a shot for success—especially if you’re in a hot neighborhood.


Compared to the separate market, still pricier and more volatile, the joined segment now turns into Denver real estate's slow-and-steady tortoise. Given how much people care about affordability, mainly for new buyers or downsizers, this group may slowly become the MVP of 2025.

Therefore, if you feel hesitant—either buying a first home or thinking of selling your condo—February’s numbers send a specific signal:

Take your time. However, do not sleep for an excessive duration.


Are you wanting a full zip code breakdown, or are you curious about the area around you? Send me a message—I’ve got all of the data and I would very much love to help you strategize your next move.