Closer to a buyer’s market than it’s been since 2012. Per DMAR’s mid-2026 data: active listings are at decade highs, the list-to-sale ratio is 97.9% (sellers are accepting below asking), and homes are averaging 53-74 days on market — up from under 10 days at the 2021-2022 peak. Buyers have real negotiating leverage, more choices, and more time than at any point in the past five years.
The exception is the luxury segment above $1.5M and single-family homes in top school districts like Cherry Creek and Douglas County, where demand remains competitive. The weakest segment is condos — inventory is up over 200% since 2021, prices are down 5-7% year-over-year, and HOA cost increases have further softened demand. See the current Denver market report.