Denver Housing Market Update: What October 2026 Means for Buyers and Sellers

October was the slowest October for Denver-area home sales since 2010. But the market didn't stop working. Prices held, well-priced homes still sold in under a month, and buyers got more help from sellers than ever. Here's what the numbers say.

By the numbers: Denver metro, October 2026

• Single-family median price: $645,000, down 0.6% from a year ago.

• Single-family time on market: a median of 26 days, four days faster than last October, at about 98.6% of list price.

• Condo and townhome median price: $375,000, down 3.3% from a year ago, with a median of 48 days on market.

• Homes sold: 2,748, down 23.5% from a year ago.

• Homes for sale: about 13,000, up 3.9% from a year ago.

• Seller concessions: 65% of sales included one, averaging $12,557.

Mortgage rates are part of the story too. The average 30-year fixed rate was 7.18% the week of November 5, according to Freddie Mac.

What it means for sellers

• Serious buyers are still out there. There are fewer of them, but single-family homes that are priced right are selling in about 26 days, faster than a year ago.

• Plan for concessions. About two out of three sales included one, averaging $12,557. That's almost exactly what a 2-1 rate buydown costs on a $600,000 home, and it can lower a buyer's first-year payment far more than a price cut of the same size. I explain how in Selling in a Buyer's Market.

• Condo and townhome sellers need a sharper plan. With more than seven months of supply, pricing and presentation matter more than ever.

• Listing this winter has an upside. New listings fell 9% from a year ago, so homes that come on now face less competition.

What it means for buyers

• Ask for help. Two out of three sellers are offering concessions. Use them for closing costs or to buy down your rate. See how a seller-paid buydown can lower your payment.

• Condos and townhomes offer the most room to negotiate, with prices down and homes sitting longer.

• Be ready for the good ones. The best-priced houses still go under contract in a few weeks, so get pre-approved first.

Thinking about a move?

Every neighborhood is moving at its own pace. Get a free home value based on recent sales near you, see my Denver neighborhood guides, or call or text me at 303-885-1367.

Sources: Denver Metro Association of Realtors October 2026 Market Trends Report; REcolorado October 2026 Housing Market Report; Freddie Mac Primary Mortgage Market Survey, November 5, 2026.