February 2026: Denver Metro Market Review & Updates

The winter-to-spring transition always marks a change in the market. Buyers who have been waiting on the sidelines are ready to rock, sellers begin carefully preparing their homes for listing, and activity increases. Inventory levels, pricing dynamics, and buyer behavior have all evolved since the days of the pandemic market. Mortgage rates dropped below 6% for the first time since 2022, giving buyers more purchasing power and homeowners waiting to refinance a little relief. Lower prices, lower rates, and unseasonably warm weather contributed to increased buyer activity in February.

The median sale price for attached homes was down 5.25% from a year ago, and down 2.25% for detached homes.

Pending homes increased at a rate of 29.26% month-over-month and 15.27% year-over-year. New listings increased 12.15% in February, giving spring buyers more options to choose from. Buyers continue to be selective, but they’re prepared to move quickly for the right home.

Many properties that were competitively priced, in prime locations, and in good condition received multiple offers. Homes that remain overpriced and need updating spend much longer on the market. Days on the market decreased month-over-month by 30.16% for attached and 40% for detached properties. Closings increased by 29.89%.

Inventory and buyer demand are recalibrating and impacting the real estate market. As the spring season arrives, the Denver market appears ready for an active season. The data and activity are encouraging. We’re seeing more motivated buyers, well-prepared and increasing inventory, and pricing that reflects today's realities rather than yesterday's expectations.