Denver’s rental market hit its softest point in 12 years. Properties across the metro are renting $200-400 below peak levels. One Coors Field condo dropped a dramatic 31% from $2,880 to $2,000/month. This Denver real estate market update September 2025 reveals why Colorado investors are seeing the softest rental market in over a decade. Specific opportunities are emerging for those willing to act during fall. Class A condos near Coors Field fell from $2,880 to $2,000/month. Multifamily properties are trading 29% below their 2021 peaks. The data tells a clear story about where Denver’s market stands.

Chris Lopez hosts the monthly roundup with three experts who work directly with Colorado investors daily. Troy Howell from Nova Home Loans shares how refinance activity has surged. Borrowers are moving from 7% rates down to the mid-to-low 6% range. Many are recouping their costs within 12-24 months. Brandon Scholten from Keyrenter Property Management reveals this is the toughest rental market he’s seen in 12 years. One client dropped rent $880/month just to secure a tenant. Jeff White from Envision Advisors explains why fall remains the best buying season. He shares how to make “disrespectful offers” that actually get accepted.

The panel analyzes the Denver real estate market update September 2025 data from the Denver Metro Association of Realtors. Detached homes are up 2% year-over-year. Attached properties (primarily condos) are down 4%. Inventory sits 17.5% higher than last year. However, it remains about 2,000 units below the historical average of 15,000. This suggests the market is normalizing rather than crashing. They discuss the “phantom inventory” problem. Sellers with strong equity positions aren’t truly motivated. This creates listed properties that may never actually sell. A Lakewood apartment complex just sold for $33M. That’s a 29% discount from its $46M sale price four years ago. This illustrates the correction happening in commercial multifamily while residential holds steadier.

In This Episode We Cover:

• Why Denver inventory is up 17.5% year-over-year but still below historical averages
• How mortgage rates at 6% represent the best opportunity in a year for buyers and refinancers
• The 31% rent drop on a Coors Field area condo ($2,880 to $2,000/month) and why this is the softest rental market in 12 years
• Why multifamily properties are having their “2008 moment” with the Lakewood apartment selling at a 29% discount ($46M to $33M)
• Colorado Springs leading the nation with a 12.5% rent decrease since 2022 and what it signals for Denver metro
• How a non-profit worker became a 4-time house hacker and closed on an $850K fourplex with just 5% down
• Why fall is the best buying season and how to make “disrespectful offers” that actually get accepted in Q4
• The phantom inventory problem – sellers who don’t have to sell creating misleading market data
• Colorado’s new 90-day rule when selling vs. renting properties (critical for landlords to understand)
• Why buying properties that work with today’s debt is essential instead of gambling on future refinances
• How medium-term rentals are outperforming long-term in Denver’s current market conditions

Whether you’re a house hacker looking for your first deal or an experienced investor considering scaling into multifamily, this data-driven Denver real estate market update for September 2025 provides the specific numbers and strategies you need for Colorado’s current conditions. The panel emphasizes buying properties that work with today’s debt numbers rather than gambling on future refinances – a lesson many commercial operators are learning the hard way. If you’ve been waiting for the perfect time to buy, the combination of 6% rates, motivated sellers entering Q4, and softening competition may be your window.

Watch the YouTube Video https://youtu.be/IeAuPONYZD4 Timestamps

00:00 – Welcome & September 2025 Market Roundup Intro
01:28 – Market Stats Review: Detached Up 2%, Attached Down 4% Year Over Year
04:30 – Mortgage Rates Drop to Best Levels in a Year – Refi’s Moving from 7% Down to Mid-6% Range
08:19 – Why Fall Is the Best Buying Season for Investors
11:40 – The “Phantom Inventory” Problem: Sellers Who Don’t Have to Sell
15:30 – New Colorado Law: 90-Day Rule for Selling vs Renting Properties
19:10– Softest Rental Market in 12 Years – Brandon Scholten on Dramatic Rent Drops
22:09 Class C Apartments Renting at $895/Month in Denver
24:48– Lakewood 198-Unit Apartment Sells at 29% Discount from 2021 Peak
26:31 Multifamily Opportunity: Commercial Real Estate Having Their 2008 Moment
31:05– Colorado Springs Leads Nation with 12.5% Rent Drop Since 2022
34:04– Four-Time House Hacker Closes on $850K Fourplex with 5% Down
39:05 – Making Disrespectful Offers in Q4 Market 

Connect with our Guests:

Jeff White: jeff@envisionrea.com

Troy Howell: troy.howell@novahomeloans.com

• LinkedIn: Troy Howell
• Website: https://www.novahomeloans.com/loan-officer/troy-howell/

Brandon Scholten: brandon@keyrenterdenver.com

• LinkedIn: Brandon Scholten
• Website: https://keyrenterdenver.com/

Links in Podcast

Two Denver suburbs take different paths as residents face housing crunch: ‘We can manage it, but just barely’

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