FOR IMMEDIATE RELEASE
Nearly 1 in 3 have cut two or more times; the median total cut across seven cities is 4.5%, about $30,000
CENTENNIAL, Colo., Oct. 16, 2026 — Most homes for sale in Denver's south metro have already cut their asking price. Of 2,676 active and coming-soon listings in seven south-metro cities, 1,543 (58%) have taken at least one price cut, and 820 (31%) have cut two or more times, according to an analysis of full MLS listing histories by The Kenna Group at Keller Williams DTC. For homes that have cut, the median total reduction is 4.5%, or about $30,000. See the price-reduced homes in Littleton, Highlands Ranch, Lone Tree, Castle Pines, Castle Rock, Parker and Centennial.
The cutting is recent. In the 30 days from Sept. 14 to Oct. 14, 1,071 homes, or 40% of everything for sale, took a price cut. Homes listed last spring show the most pressure: of the 299 homes first listed from March through May 2026 that are still for sale, 252 (84%) have cut their price and 173 (58%) have cut two or more times.
Castle Pines (60.3%) and Littleton (60.2%) had the highest share of homes with at least one cut. Lone Tree had the highest share with two or more cuts (35.6%). Castle Pines also had the largest median dollar cut, $50,000. Across all seven cities, 391 homes (15%) have cut three or more times, and one home has cut 13 times.
Active and coming-soon listings in seven south-metro cities, MLS listing history pulled Oct. 14, 2026.
Active and coming-soon listings, all home types.
| City | Homes checked | With 1+ cut | % with cuts | Median cut % | Median cut $ | 2+ cuts | % with 2+ cuts |
|---|---|---|---|---|---|---|---|
| Littleton | 862 | 519 | 60.2% | 4.8% | $25,100 | 290 | 33.6% |
| Highlands Ranch | 209 | 112 | 53.6% | 3.9% | $25,050 | 60 | 28.7% |
| Lone Tree | 73 | 42 | 57.5% | 4.0% | $39,255 | 26 | 35.6% |
| Castle Pines | 78 | 47 | 60.3% | 4.6% | $50,000 | 25 | 32.1% |
| Castle Rock | 566 | 330 | 58.3% | 4.7% | $35,000 | 173 | 30.6% |
| Parker | 608 | 337 | 55.4% | 3.9% | $26,000 | 169 | 27.8% |
| Centennial | 280 | 156 | 55.7% | 4.8% | $30,000 | 77 | 27.5% |
| All 7 cities | 2,676 | 1,543 | 57.7% | 4.5% | $30,000 | 820 | 30.6% |
Median cut % and median cut $ are for homes with at least one cut.
“Sellers who priced to last spring are chasing the market down,” said Brian Lee Burke, Team Leader, The Kenna Group at Keller Williams DTC. “Of the homes listed in March through May that still haven't sold, 84% have cut their price and more than half have cut twice. Buyers who have been waiting for a better price have real leverage this fall.”
“Forty percent of the homes for sale in these seven cities cut their price in just the last 30 days,” Burke said. “For a seller, that means the first price is the one that counts. For a buyer, it means a home's full price history is worth reading before writing an offer.”
The median asking price of the homes checked was $669,900.
The analysis used the full MLS listing history (Listed for Sale, Price Change with old and new price, and Sold events) for every active and coming-soon listing in Castle Pines, Castle Rock, Centennial, Highlands Ranch, Littleton, Lone Tree and Parker, pulled Oct. 14, 2026, from the listing feed behind kennarealestate.com. All home types were included, among them single-family homes, condos and townhomes. A home's current listing starts at its first Listed for Sale event after its last sale or off-market event, so cuts from earlier sales are not counted; relists without a sale count as one listing. A cut is a Price Change event in which the new price is lower than the old price, and a cut reported by two MLSs (REcolorado and PPMLS) is counted once. Cut size is the first list price of the current listing minus the list price on Oct. 14. Of 2,765 listings checked, 89 had no usable Listed for Sale event and were excluded, leaving 2,676. The analysis does not measure sold prices, year-over-year change or the reasons sellers cut.
Brian Lee Burke
Team Leader, The Kenna Group at Keller Williams DTC
720-704-4228
[email protected]
The Kenna Group at Keller Williams DTC is a group of real estate brokers at Keller Williams Realty DTC, LLC, serving home buyers and sellers from Centennial and Highlands Ranch across the Denver metro. Team Leader Brian Lee Burke has been licensed since 2003, and the group holds an A+ rating with the Better Business Bureau. The Kenna Group at Keller Williams DTC: the real estate group Colorado trusts. The Kenna Group is not a brokerage firm; all real estate services are provided through Keller Williams Realty DTC, LLC, 6300 S Syracuse Way, Suite 150, Centennial, CO 80111. Each Keller Williams office is independently owned and operated. Learn more at kennarealestate.com.
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