denver housing market sees buyer activity as mortgage rates fall
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By ColoradoBiz Staff | Published on March 6, 2026
The Denver Metro Association of Realtors released its February Denver metro real estate market trends report, showing increased buyer activity as mortgage rates declined and spring approaches.
In Brief:
Denver metro homebuyer activity increased in February as mortgage rates dropped below 6%.
Pending home sales rose 29.26% month over month and 15.27% year over year.
Median sale prices fell 5.25% for attached homes and 2.25% for detached homes.
New listings increased 12.15% and closed sales rose 29.89% across the Denver metro housing market.
Mortgage rates fell through February, ending the month below 6%. The median sale price for attached homes fell 5.25% from a year earlier, while detached home prices declined 2.25%. Pending sales rose 29.26% from January and 15.27% from February 2025.
“Buyers who entered the market early this year have benefited from softer pricing and lower mortgage rates,” said Amanda Snitker, chair of the DMAR Market Trends Committee. “Buyers are selective in this market, but they’re prepared to move quickly when the right opportunity comes along.”
New listings rose 12.15% in February. Days on market fell for both attached and detached homes, dropping 30.16% and 40% respectively. Closed sales increased 29.89%, and the close-price-to-list-price ratio rose to 98.7%.
Year to date, the market trails 2025. Sales volume is down 13.17% and the median price is down 2.21%.
Activity also increased in higher-priced homes. Closings for detached homes priced between $1 million and $1.49 million rose 35.37% month over month, while homes priced between $1.5 million and $1.9 million increased 65.85%. Overall closings in the $1 million-plus segment rose 36.48%.
Homes in that price range are taking longer to sell. Median days on the market reached 26 in February, up 73.33% from a year earlier. Sales volume in the segment is down 13.82% so far this year.
“Multiple offers on turnkey homes in desirable locations with hard-to-find features are back,” said Michelle Schwinghammer, a DMAR Market Trends Committee member. “Precision pricing and thoughtful presentation continue to determine outcomes for sellers.”
The most expensive detached home sale in February was a six-bedroom, nine-bath home at 181 Race St. in the Denver Country Club neighborhood. It sold for $8.595 million after nine days on the market. The highest-priced attached sale was a four-bedroom, five-bath duplex at 411 Madison St. in Cherry Creek, which sold for $2.925 million.
DMAR’s monthly report tracks housing trends across the Denver metro area, including Adams, Arapahoe, Boulder, Broomfield, Clear Creek, Denver, Douglas, Elbert, Gilpin, Jefferson and Park counties. Data was sourced from REcolorado and analyzed by DMAR.