Q3 2026 Market Report: Denver Metro Area

Q3 2026 Market Report

Denver Metro Area

By David Schlichter

As we wrap up the third quarter of 2026, we wanted to share a quick update on how the Denver metro area real estate market has performed.

The Denver metro area real estate market cooled in the third quarter, with prices holding up better than activity. Across all property types, the average sale price increased 3.4% year-over-year to $717,136, yet the number of homes sold was down 9.8%. New listings were up 2.8% while pending listings fell 12.5%, which means buyers have more options and more room to negotiate than they did a year ago. Compared to Q2, the average sale price decreased 2% to $717,136, and average days on market increased from 38 to 44 as the market moved past its spring peak. Through the first nine months of 2026, the average sale price is up 1.6% to $714,959, and the number of homes sold is down 4%.

Detached single family homes continued to outperform condos and townhomes. In Q3, the average sale price for detached homes increased 3.4% to $805,869, average days on market improved from 41 to 39, and average showings per listing increased 1.9%. Condos and townhomes had a more challenging quarter, with median sale prices down 2% and 3.3%, respectively. Both property types took longer to sell, and both generated more than 10% fewer showings per listing than they did a year ago.

Interest rates also shaped the quarter. The average 30-year fixed rate was 6.68% in Q3, up from 6.41% in Q2, and it reached 7.32% by October 22. As loan-financed purchases slowed, cash buyers accounted for 21.2% of closed sales, up from 17.6% in Q2, and for 33.9% of condo sales.

This market is complex, and, when it comes to the sale or purchase of your home, you deserve a team of experts working on your behalf. In Q3, the Schlichter Team sold 24.9x more real estate than the average Denver metro area agent and generated 2.2x more showings per listing. Our listings also closed at a sale price $437,436 higher than the average Denver metro area agent, with a close-to-original-price ratio that was 3.4% higher.

If you are thinking about selling or buying a home in the near future, we're here for you. Contact us today to start the conversation.

_{Source: REcolorado and ShowingTime, residential, counties: Adams, Arapahoe, Broomfield, Denver, Douglas, Jefferson (accessed 10/14/2026). REcolorado and ShowingTime, residential - all property types, closed 07/01/2026-09/30/2026, counties: Adams, Arapahoe, Broomfield, Denver, Douglas, Jefferson (accessed 10/06/2026). Average agent data calculated using 29,662 REcolorado members (information provided by REcolorado on 01/06/2026).}