September 2026 Denver Market Snapshot
- Median Sold Price: $555,195 (down 2.6% MoM)
- Average Sold Price: $700,880
- Active Listings: 25,162 (up 2.0% MoM)
- Sold Listings: 5,050 (down 4.6% MoM)
- New Listings: 8,157
- Under Contract: 5,000
- Days on Market: 57
- Months of Inventory: 5.0
- Sold Price to List Price: 98.2%
Executive Summary: Fewer Closings, Steady Prices
September was a slower month for closings in the Denver housing market, not a weaker month for prices. Sold listings fell 4.6% MoM to 5,050, and the median home price in Denver slipped 2.6% MoM to $555,195. The average sold price, at $700,880, was up 2.2% from September 2025.
Supply did not follow demand down. Active listings rose 2.0% MoM to 25,162, pushing months of inventory to 5.0. That is the clearest sign this fall that the Denver real estate market is leaning toward buyers.
Rates moved the wrong way late in the month. Freddie Mac’s 30-year average went from 6.71% in early September to 7.03% by September 24 and 7.28% on October 1. Expect that to show up in fourth-quarter contract activity, and expect October to lean a little further toward buyers.
Home Prices in Denver
The metro median sold price was $555,195, down from $570,000 in August. Buyers paid 98.2% of list price on average, so most closings landed about 2% below the asking price.
Detached Single-Family Homes
The detached median held at $600,000, exactly where it was in September 2025. Homes that were priced right were rewarded. The ones that weren’t sat, and their sellers negotiated.
Condos and Townhomes
The condo and townhome market stayed firmly on the buyer’s side. The median fell to $380,625, down 6.0% from a year ago, and sellers received 97.9% of list price. Buyers are negotiating, and the numbers show it.
Inventory and Days on Market
Denver had 25,162 homes for sale at the end of September. Sellers added 8,157 new listings while 5,000 homes went under contract, so new supply outpaced new demand by more than 3,000 homes.
Homes spent an average of 57 days on market, up from 53 in August. Months of supply varies sharply by property type:
- Detached single-family: 4.6 months (18,389 active, 4,038 sold)
- Condos and townhomes: 6.7 months (6,773 active, 1,012 sold), with 67 days on market
What This Means for Buyers
For condo and townhome buyers, this is among the strongest negotiating positions of the last two years. Detached buyers have more room than they did in spring too. Ask for concessions, inspection repairs or a rate buydown, especially on homes that have been listed for a while.
The catch is rates. The jump from 6.71% to 7.28% adds roughly $170 a month to the payment on a median-priced home with 20% down. Get your financing in place before you shop. Our Denver home buyer’s guide walks through the process step by step.
What This Means for Sellers
Condition and price have to be right on day one. With 5.0 months of inventory, buyers are comparing your home against a lot of alternatives, and the first two weeks get the most attention.
Homes that were priced right were still rewarded in September. Overreaching on price now usually means a longer wait and a reduction later. Condo and townhome sellers should plan for negotiation from the start. Our Denver home seller’s guide covers pricing and prep.
Comparison to August 2026
Compared with the August 2026 Denver housing market report:
- Median sold price: down 2.6% MoM ($570,000 to $555,195)
- Sold listings: down 4.6% MoM (5,294 to 5,050)
- Active listings: up 2.0% MoM (24,677 to 25,162)
- Months of inventory: up from 4.7 to 5.0
Fewer sales on top of more supply moved the market toward buyers in a single month. For the full-year picture, see our 2026 Denver real estate market analysis, or browse long-term Denver housing market trends.
September 2026 Denver Market FAQ
Is it a buyer’s market in Denver right now?
It is moving that way. Months of inventory reached 5.0 in September, and condos and townhomes sat at 6.7 months. Detached homes are closer to balanced at 4.6 months.
Did Denver home prices drop in September 2026?
Slightly. The median sold price fell 2.6% from August to $555,195, but the detached median held at $600,000, unchanged from a year ago. It was a slower month for closings more than a weaker month for prices.
How do higher mortgage rates affect Denver buyers this fall?
Freddie Mac’s 30-year average rose from 6.71% in early September to 7.28% on October 1. That adds roughly $170 a month on a median-priced home with 20% down, which will likely slow fourth-quarter contract activity.
