Denver Market Update: A Steady Season for Buyers and Sellers
As we move through fall and inch closer to the holidays, the Denver real estate market continues to show signs of steady, balanced activity. While national headlines often make real estate sound unpredictable, Denver’s numbers tell a more grounded story, one that favors both informed buyers and prepared sellers.
What’s Happening in the Denver Market Right Now
The Denver metro housing market stayed active this September, showing steady momentum as we head deeper into fall. Buyers remain engaged, with 3,506 homes closing — a 7% increase from last September — and 3,883 homes going under contract, up 4% year-over-year. The median closed price was $586,000, up about 2% from last year, which points to a market that’s balanced rather than booming. Homes spent a median of 37 days on the market, about ten days longer than last fall giving buyers a bit more breathing room to make thoughtful decisions.
For sellers, new listings were down just 2%, meaning competition remains steady and accurate pricing still matters. For buyers, a combination of solid inventory and extra time to negotiate makes this a great season to explore options. Month over month, things have stayed fairly stable. Closed listings dipped slightly by 2%, pending contracts by 1%, and the median price ticked down 1% from August. Homes are taking a few days longer to sell, and new listings rose 6%, giving shoppers more choices as the weather cools. In short: Denver’s housing market is balanced, active, and healthy — a refreshing pace that offers opportunity for both buyers and sellers heading into the holidays.
What This Means for Buyers
If you’ve been sitting on the sidelines waiting for the “perfect” time to buy, this fall may be your window. With more listings available and homes staying on the market a bit longer, buyers have room to negotiate, schedule second showings, and make confident decisions. It’s something that was hard to do during the frenzy of the last few years. Interest rates are still higher than many would like, but smart buyers are focusing on buying the right home now and refinancing later when rates ease.
What This Means for Sellers
Sellers are still in a strong position, as long as their homes are priced accurately and presented well. The days of multiple offers in 24 hours may be behind us (for now), but well-prepared listings are still selling quickly. If you’re thinking about listing before the end of the year, focus on presentation: clean, stage, and photograph your home beautifully. With buyers having more time to compare properties, details matter more than ever.
Looking Ahead
As we move into November and December, expect a gradual seasonal slowdown but not a full stop. Buyers looking for homes during the holidays are often serious movers, not just browsers. For sellers, that means less competition and more motivated offers. For buyers, the quieter season can mean a better deal, a little less pressure, and a smoother path to closing before year-end.
Final Thoughts
The bottom line? Denver’s housing market continues to show strength, balance, and opportunity. Whether you’re buying, selling, or investing, the key is to have the right strategy and a trusted advisor on your side. If you’re curious about your home’s value or want to explore your next move before the new year, the Living Colorado Team is here to help. Let’s talk about what makes sense for you in today’s market.
Written by John, Kenda, and the Living Colorado Team — your friendly, knowledgeable guides to Denver real estate and lifestyle.