Denver Metro recorded 2,748 home closings in October, the fewest for the month since 2010, according to the Denver Metro Association of Realtors®’ (DMAR) October Market Trends Report.
Closings declined 8.58% month over month and 23.54% year over year. Pending sales also decreased compared with September and October 2025, while new listings fell 16.70% month over month and 9.02% year over year.
Active inventory dipped slightly from September but remained 3.87% higher than October 2025, with approximately 13,000 properties on the market.
The median sale price for detached homes reached $645,000, up 1.57% from September and down 0.64% year over year. Detached homes sold for 98.55% of list price after a median of 26 days on market, four days faster than a year ago. The year-to-date median price of $650,000 was unchanged from both 2025 and 2024.
Attached homes recorded a median sale price of $375,000, up 2.74% from September but down 3.25% year over year. These properties sold for 97.69% of list price, compared with 98.17% in October 2025, and spent a median of 48 days on the market, up 17.07% year over year. The year-to-date median price for attached homes was $382,500, down 3.16% from 2025.
With more than seven months of supply in the attached market, buyers have room to negotiate. Seller concessions were also part of 65% of October transactions, with the average amount reaching $12,557.
“Fear continued to influence decisions in the Denver Metro real estate market throughout October,” said Amanda Snitker, chair of the DMAR Market Trends Committee and Metro Denver Realtor®. “Sellers fear leaving money on the table, while buyers worry about overpaying or missing a better deal.”
Snitker noted that homes closed at 98.36% of list price, with concessions increasingly part of negotiations.
Luxury sales decline 24% year over year
In the $1 million-plus market, year-to-date closed sales totaled 4,878, compared with 4,890 during the same period last year. Total sales volume reached $8 billion, while median days on market improved to 16 days. Sellers received 98.27% of list price, and the median price per square foot increased 0.53% year over year to $381.
October figures showed a different pace. Closed sales declined 24.05% year over year, while sales volume fell 26.04% to $656 million. Pending sales also decreased.
Homes in the segment spent a median of 17 days on the market in October, compared with 34 days in October 2025.
Detached homes continued to carry the segment, while attached properties, including luxury condos and townhomes, showed signs of softness. Price per square foot for attached properties declined 9.72% year over year, and days on market increased.
“These are the kinds of details that don’t show up in a quick online search or a casual conversation with a friend who sold a house a few years ago,” said Greg Cox, DMAR Market Trends Committee member and Metro Denver Realtor®.
Among October’s highest-priced transactions, a detached home at 6917 Timbers Drive in Evergreen sold for $7,224,000. The highest-priced attached sale was at 250 Columbine Street #701, which sold for $10,250,000.