Denver active listings ended June at 12,744, down roughly 9% from the same month last year, catching the panel off guard in this June 2026 Denver real estate market update. Most expected inventory to keep climbing through the summer. Instead, the Denver metro is heading into the back half of the year with less supply than it had a year ago, while median prices remain locked near $600,000 for the fourth straight year. Colorado Springs looks even flatter, with June closing at a $499,900 median and almost no movement month over month or year over year.
Host Chris Lopez sits down with the full panel of Jenny Bayless of Colorado Springs, Jeff White of Envision Advisors, Troy Howell of Nova Home Loans, and Brandon Scholten of Keyrenter Denver. Together they walk through the June DMAR and Colorado Springs data, then move into two closed deals and the shifting picture in commercial multifamily debt. You get the ground-level view from the brokers, lenders, and property managers actually working these deals.
The conversation also covers a Lakewood condo that finally sold for $150,000 after being listed at $270,000 and briefly dropped to $1 as a test. On the multifamily side, Chris shares a 100-unit Colorado Springs deal his fund closed near $11 million after the previous owner ran out of money at a roughly $17 million basis. Meanwhile, a Loveland fourplex traded at $685,000 with $27,000 in seller credits, bought down to a rate near 6.8% on a 5% down owner-occupied loan.
From there, the June 2026 Denver real estate market update digs into the federal 21st Century Road to Housing Act and its 350-home institutional threshold, plus the extend and pretend cycle in commercial multifamily lending. Denver Business Journal quotes Mark Bell of Stinson describing extensions, negotiated ownership changes, and new equity infusions as the tools being used today. Chris shares his read after a night with Pinnacle Commercial brokers on why 2026 and 2027 could finally break the cycle.
In This Episode We Cover:
- Why Denver inventory dropped 9% year over year when everyone expected a climb
- How Denver median prices have stayed near $600,000 for four straight years
- The Lakewood condo that listed at $270,000 and finally sold for $150,000
- A Colorado Springs duplex that closed at list price for a first-time house hacker
- How a Loveland fourplex closed with $27,000 in seller credits and a rate near 6.8%
- What the 21st Century Road to Housing Act actually does at the 350-home threshold
- Why the extend and pretend cycle in commercial multifamily is finally starting to break
- The 100-unit Colorado Springs deal that traded roughly 35% below its previous basis
- And so much more!
Whether you are house hacking your first duplex or holding a mid-size multifamily, Denver’s June 2026 real estate market update gives you the specific numbers and local context to make your next move.
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Timestamps
00:00 Welcome and Full Panel Introductions
01:37 Colorado Springs June Stats and Flat Median Prices
05:05 Denver Inventory Drops 9% Year Over Year
09:44 Why Denver Median Prices Stayed Flat for Four Years
12:55 Sellers Renting Instead of Cutting Prices
14:25 Class C Condo Market and the One Dollar Listing Story
17:46 Colorado Springs Duplex Sale Closes at List
23:46 Loveland Fourplex House Hack with $27K Seller Credits
26:54 Underwriting Path From Single Family to Fourplex
28:40 21st Century Road to Housing Act Breakdown
34:54 Extend and Pretend Commercial Lending Shift
40:52 Fund Deal on 100-Unit Colorado Springs Multifamily
46:00 Rate Outlook and the New Fed Chair
48:42 Closing Thoughts and How to Reach the Team
Links in Podcast
Commercial real estate workouts gain traction as loans come due in Denver
Metro Denver home prices continue to hold at mid-2022 levels
Stinson Law Firm
Pinnacle Commercial Real Estate
- Troy Howell: [email protected]
- LinkedIn: Troy Howell
- Website: https://www.novahomeloans.com/loan-officer/troy-howell/
- Brandon Scholten: [email protected]
- Website: https://keyrenterdenver.com/
- Jeff White: [email protected]
- Jenny Bayless: [email protected]
Who is Keyrenter?
Keyrenter Property Management Denver provides rental solutions for homeowners and real estate investors in the metro area who are interested in transforming their properties into passive income. It offers various services, from property marketing and thorough applicant screening to tenant placement and 24/7 maintenance services. Keyrenter Denver’s team of experts can take the clients’ burden of managing their rental off their hands so they can get back to what matters to them.
Who is Nova Home Loans?
For over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today!
NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO
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