High mortgage rates near 7.4% continue to suppress buyer demand in the Denver metro, driving the closely contested Polymarket ranges around $458K–$482K. Recent data show median sale prices at $575K in September, down modestly year-over-year in some measures while Zillow’s typical home value sits near $555K with a 1.8% annual decline. Closed sales plunged 21% year-over-year amid rising inventory and 4.76 months of supply, shifting leverage toward buyers without triggering sharp price drops. Seasonal Q4 cooling and persistent affordability constraints from elevated financing costs support trader focus on further softening by year-end, though structural demand and limited new listings cap downside risks.