Market Matters – October, 2026 – Rates Cross 7%, Pendings Feel It

Denver Metro Housing Market Summary — September 2026 Data

Denver metro home sales fell for a second straight month in September 2026. REcolorado data for the Denver Metro Association of REALTORS® area shows closed listings down 16.1% year over year to 3,300 and pending listings down 12.1% to 3,311, while new listings were flat (-0.2%) at 5,409. Active inventory of 14,918 homes is now 0.7% above September 2025.

The metro median closed price was $580,000, down 1.7% from a year earlier and unchanged year to date at $600,000. Homes averaged 51 days in the MLS and sold for 98.4% of list price. The 30-year fixed mortgage rate rose from 6.71% to 7.28% during the month (Freddie Mac PMMS, October 1, 2026), and the drop in pending sales suggests the higher rates will show up in October and November closings.

Submarket medians ranged from +2.6% in Arvada to -9.5% in Centennial, where only 70 homes closed. Arvada and Littleton posted closing gains, while Aurora, Parker, Denver, and Centennial declined. Pricing, marketing time, and comparable selection should be evaluated submarket by submarket.

Submarket Highlights

• Arvada: median $615,000 (+2.6%); closings +4.8% (+5.3% YTD); 57 days in MLS.

• Aurora: median $460,000 (-2.1%, -1.7% YTD); closings -17.9% (-10.3% YTD); pending listings -21.5%.

• Centennial: median $570,000 (-9.5%, flat YTD at $659,800); closings -36.9% on 70 sales (-3.6% YTD).

• Denver: median $550,000 (-2.1%, +1.7% YTD); average price $737,031 (+5.7%); active inventory +9.0% to 3,951; closings -10.8%.

• Littleton: median $647,500 (+1.6%); closings +5.4%; 43 days in MLS; 98.7% close-to-list.

• Parker: median $659,000 (-4.5%, -2.0% YTD); closings -15.9% (-9.8% YTD); active inventory +16.7% to 579.

Michael Manley Appraisals, LLC provides residential appraisals in the Denver metro area for divorce, estate and trust, relocation, and mortgage purposes. Figures are REcolorado® Local Market Update statistics, not appraised values; this is general market commentary, not an appraisal of any specific property. Request an appraisal.