So How’s The Market – September 2026

It’s that time of month again! Take a look at the Denver Metro Area Market statistics.

Year-Over-Year: The Denver Metro housing market continued to show signs of cooling in September, with closed listings declining 18% year over year to 3,075 homes, according to REcolorado. The median closed price decreased 2% to $575,000, while median Days in MLS fell four days to 33 days compared to September 2025.

New listing activity remained relatively steady, decreasing 1% year over year to 4,885 properties. Pending listings declined 13% to 3,210, suggesting buyer activity remained more restrained. Active inventory increased 2% year over year to 13,522 listings, with 20 weeks of inventory available. Gross sales volume also declined 17% to approximately $2.02 billion, reflecting the slower pace of completed transactions.

Month-Over-Month Insights: September saw a continued slowdown in overall market activity as the Denver Metro housing market transitioned into fall. Closed listings declined 8% from August to 3,475. The median closed price decreased 3%, from $594,000 in August to $575,000 in September.

Homes also took longer to sell, with median Days in MLS increasing four days from August to 33 days. New listings remained unchanged month over month at 4,885, indicating that seller activity held relatively steady. Pending listings, however, fell 5% to 3,210, suggesting buyer activity softened as the fall season began. With 20 weeks of inventory available, buyers continued to have a wider selection of homes, while sellers faced increased competition and the need to price and present their properties strategically.

Denver Metro Rental Market: Denver Metro’s rental market experienced a decline in leasing activity in September, with properties leased falling 19% year over year to 262. The median leased price decreased 3% compared to September 2025, reaching $2,600.

Rental properties also took longer to lease, with median Days in MLS increasing three days year over year to 35 days. Meanwhile, the median leased price per bedroom rose approximately 19% to $995, while the median leased price per square foot remained unchanged at $1.69.

Overall, September’s rental data points to a more selective market, with fewer completed leases and longer marketing times. Although the median leased price per bedroom increased and price per square foot remained steady, the decline in overall leased prices suggests renters may have more opportunities to compare options as the market adjusts.

Closed Listings:

Closed listings declined 18% year over year to 3,075 homes in September. Month over month, sales fell 8% from August, reflecting a continued slowdown in overall market activity as the fall season began.

Closed Prices:

The median closed price decreased 2% year over year to $575,000. Month over month, prices fell 3% from $594,000 in August, reflecting a modest cooling in home values.

New Listings:

New listings remained steady month over month at 4,885 properties, while decreasing 1% year over year. This consistent supply gave buyers continued options as the market transitioned into fall.

Pending Listings:

Pending listings declined 13% year over year to 3,210 and fell 5% month over month, suggesting buyer activity softened as the Denver Metro market transitioned into fall.

Days in MLS:

Median Days in MLS increased four days month over month to 33 days, though homes sold four days faster than they did in September 2025, indicating buyers had slightly more time to consider their options.

Activity by Price Range:

Homes priced between $400,000 and $599,999 led sales activity in September. With closed sales down 18% year over year and homes averaging 33 days on the market, accurate pricing and strong marketing remain key to attracting buyers.