This graph above summarizes commercial property sales reported by the IRES and ReColorado MLS (Northern Colorado) for 2022 through 2026 (YTD), effective August 13, 2026. Annual closed sales volume totaled $217,642,267 in 2022, $178,691,277 in 2023, $227,306,259 in 2024 and $210,953,920 in 2025, with $120,263,178 reported in the current partial year. Closed transactions implied by that volume total 214, 170, 240 and 213 for the same four annual periods and 128 to date, a decline of 0% from the 2022 level. Average sale price measured $1,017,019, $1,051,125, $947,109 and $990,393 over those years, while the median moved from $565,000 to $550,000. Year-over-year change in the average was 3%, -10% and 5%, and change in the median was -12%, -11% and 24%, yielding a median annual change of -1% in the average and -9% in the median and indicating a downward price trend over the four-year period.
Marketing periods have shortened over the study period. Average days on market moved from 190 days in 2022 to 298 days in 2023, 185 days in 2024 and 132 days in 2025, measuring 118 days in the current partial year. Median days on market ranged from 183 to 250 days across the four annual periods and 208 days to date, supporting a reasonable exposure time of approximately 6 to 8 months for competitively priced commercial property. Closed prices have consistently settled below asking, with the average list-to-sale differential ranging from -1% to -21% and measuring -1% year to date; reported list volume includes active listings, so list-based statistics overstate closed activity and are relied upon only as secondary support. The year-to-date average of $939,556 and median of $510,000 stand 5% and 7% below the prior year on 128 closings, but reflect a partial year and a mix-sensitive sample and are given limited weight. The data indicate a softening commercial market with moderating transaction volume.
For a current detailed analysis of commercial trends in northern Colorado, please contact Dustin Ferguson with Ferguson Appraisals. Additional commercial sales statistics can be found via Crexi.
Market data is compiled by Ferguson Appraisals, LLC, as provided by IRES MLS.