What Two Years of Data Looks Like When a Market Is Stable

We were recently working in the 80920 zip code. Here is what the data told us.

Across 952 closed sales of single-family dwellings spanning June 2024 through May 2026, the median sale price in 80920 moved from $520,000 to $525,000. The average sale price moved from $537,730 to $539,792. The median price per above-grade square foot moved from $298.06 to $299.82. Volume increased from 465 closed sales in the first period to 487 in the second.

Every metric pointed in the same direction. None of them moved dramatically. That is the definition of a stable market.

Stability of this kind is not the same as stagnation. A market where median price, average price, price per gross living area, and transaction volume all hold within a narrow range across nearly 1,000 sales over two years is a market with consistent underlying demand. It is not a market under pressure, and it is not a market running ahead of fundamentals. It is a market that is functioning.

For buyers, a stable market means that what comparable properties sold for last year remains a reliable reference point today. For sellers, it means that pricing to the data is likely to produce a result close to expectations. For anyone involved in a transaction that requires a defensible value opinion — an estate, a divorce, a refinance, a dispute — a stable market is one where the data does the work.

Data source: elevateMLS. ©2026 REALTOR® Services Corp. All rights reserved. Based on information from the REALTOR® Services Corp (“RSC”) for the period 06/01/2024–05/31/2026. RSC information may not reflect all real estate activity in the market and is provided as is without warranty or guaranty.

— Heatherstone Appraisal Group

heatherstoneag.com