I’m Daxon McInnis, and I read the Denver market numbers every month so you don’t have to. Here’s what the latest data on file — October 2026 figures from DMAR, the Denver Metro Association of Realtors — actually says, in plain language.
The headline: slower, not broken
Denver closed 2,748 homes in October 2026. That’s down 23.54% from the same month last year, and it’s the fewest October closings since 2010. Pending sales — contracts being written right now — were down 22.3% year over year in the four weeks ending October 25.
That sounds dramatic, so let me put it in context. Fewer closings means fewer transactions, not collapsing prices. The buyers who are in this market are still buying — they’re just negotiating harder than they used to, and they’re taking their time.
Prices: holding, not falling
The median close price for a detached home in October 2026 was $645,000 — down less than 1% from a year earlier. That’s not a crash. That’s flat.
Go back one more month and the pattern holds: in September 2026, sellers got 98.45% of their list price on average, and homes spent a median of 32 days in the MLS. Well-priced homes are still moving, and they’re still getting close to asking.
Overall inventory sat at 4.72 months of supply in October. In plain terms, that’s balanced territory — not the frenzy of a few years ago, and not a market where buyers hold all the cards either. It depends entirely on what segment you’re in.
Condos and townhomes: the buyer’s segment
This is where the market genuinely tilts. Condos and townhomes carried 7+ months of supply in October 2026, with a median close price of $375,000. Anything over six months of supply is a buyer’s market by definition — more choices, softer prices, and sellers who are ready to talk.
September told the same story: condo and townhome inventory was 7.21 months, and the median close price of $365,500 was down 6.28% from the year before. If you’re a first-time buyer or you’re tired of renting, this is the segment I’d be watching.
Sellers are negotiating — the data says so
Here’s the number I quote most: in October 2026, 65% of Denver sales included a seller concession, averaging $12,557. That’s real money sellers are putting toward buyers’ closing costs or rate buydowns to get deals done.
That doesn’t mean sellers are desperate. It means the deal itself has become part of the negotiation again, for both sides. Buyers can ask. Sellers can say yes, no, or meet in the middle — but the conversation is happening in two out of three sales.
Rates: a small piece of good news
The 30-year fixed mortgage rate was 7.18% on November 5 — its third weekly drop in a row. I’m not going to pretend that’s cheap, and I’m not going to predict where rates go next; nobody knows. But the direction, at least in early November, was down instead of up, and even a small drop changes what a monthly payment looks like.
What this means if you’re buying
You have more leverage than you’ve had in years, especially in condos and townhomes. Ask for the concession. Ask for the buydown. Take the time to inspect properly. The one thing I’d warn against is waiting for some perfect moment — prices on detached homes have been essentially flat, and flat is what the data shows, not falling.
What this means if you’re selling
Price it right and it moves — the 98.45% close-to-list number from September says sellers who priced well still got essentially full price. Price it on hope and it will sit while the correctly priced homes around you sell. Expect to negotiate on terms, not just price.
The bottom line
Denver’s market in late 2026 is slower and more balanced than it’s been in a long time. That’s not bad news — it’s a market that rewards people who do their homework, whichever side of the table they’re on.
Thinking about a move and want to talk through what these numbers mean for your situation? Call or text me at 720-810-8887, or reach me through the contact page at daxonre.com/contact/. I’m with Obsidian Real Estate Advisors, and I’ll give you a straight answer either way.