Published November 9, 2026 | Update planned ~November 17 when SMDRA and CAR publish.

DENVER MARKET REPORT | NOVEMBER 2026

What the Numbers Actually Mean for You

By Brian Trampler | Corcoran Perry & Co.

The Snapshot

Fewer homes sold in October, but the ones that did sold a little faster and at a slightly higher price.

Median Home Price: $592,000, up 3% from September's $575,000 and up slightly from last October.

Days on Market: 31 median days in the MLS, down from 33 in September and 35 a year ago. It is the first monthly drop since May.

Active Inventory / Months of Supply: 12,807 homes for sale, up 6% from last October. REcolorado reports 20 weeks of inventory, which is a little over four months of supply.

Homes Sold: 2,757, down 21% from 3,475 last October and down 5% from September.

New Listings: 4,065, down 9% from last year and down 17% from September.

Pending Sales: 2,573, down 20% from last October and down 7% from September.

Rental Market: 256 homes leased, down 29% from last year. Median rent was $2,760, up 2%.

Contracts are slowing faster than new listings are arriving, which is why inventory is up even as sales fall. Price held up through that, and that is the part worth noticing.

Intro

The story in October was volume, not price. Closed sales dropped 21% from a year ago, yet the median price came in a bit above last October and homes spent fewer days on the market. A slower month and a falling market are not the same thing.

REcolorado calls this a seasonal slowdown, and that fits. Listings and contracts both pulled back from September, which is what you usually see as the holidays get closer. What stands out this year is how far contracts fell compared to new listings. More homes are sitting on the market than a year ago, and fewer are going under contract.

That mix tells buyers and sellers different things, so here are both.

If You're Buying

You have more to choose from than you did a year ago. There are 12,807 homes for sale, about 6% more than last October, and fewer buyers are signing contracts. That means less competition on most homes and more time to look.

What it does not mean is across-the-board discounts. The median price rose from September and sits slightly above last year. Homes are still selling in a median of 31 days, so a well-priced home still moves. The room to negotiate tends to be on homes that have been sitting, not on the ones that just came on.

If you have been waiting for the perfect moment, I would gently say there isn't one. You can't control where prices go over the winter. You can control how prepared you are, what you can comfortably afford each month, and whether you know which parts of the market are giving buyers more room.

The question worth asking yourself: If prices stay about where they are through the winter, would waiting actually change my plans, or just move them later?

If You're Selling, or Trading Up

Fewer buyers are under contract. Pending sales are down 20% from last October, and sellers are competing with more homes than they were a year ago. The good news is that price has held and homes that sell are still doing it in about a month.

In this kind of market, the first two weeks matter most. A home priced for where the market is now tends to get attention early. A home priced for where the market was last spring tends to sit, and then the price comes down anyway.

If you are trading up or moving to a different kind of home, remember you are selling and buying in the same market. A slower sell side can come with more choices on the buy side. The math is worth running on both ends at once, not one at a time.

The question worth asking yourself: What would my next home need to give me for this move to be worth it at today's numbers, not last year's?

The Local Angle

November and December are usually the quietest stretch of the year for Denver real estate. Fewer people list during the holidays, and many buyers wait for spring. If you are ready to move now, a quieter market can mean more room to take your time.

The rental side is worth a look if you watch the market as an investor. Only 256 homes leased in October, down 29% from a year ago, but the median rent rose to $2,760 and rent per bedroom is up 7% to $988. Fewer leases at higher rents, with homes taking 39 days to lease, up two days.

These are metro-wide numbers. City-by-city detail for suburbs like Centennial, Castle Rock and Highlands Ranch comes with the mid-month update once SMDRA and CAR publish.

October did what Octobers do, with the slowdown showing up in activity before it shows up in price. We will know more about the winter once the November numbers come in, and I will tell you what I see.

If you are thinking about a move and want to talk through what these numbers mean for your situation, I am glad to do that.