Monthly Market Updates - February 2026
February delivered a welcome burst of activity across the Denver metro housing market. According to the latest report from the Denver Metro Association of Realtors (DMAR), both buyers and sellers began re-engaging as mortgage rates dipped below a key psychological threshold and fresh inventory arrived on the market. The result: more movement, more contracts, and early signs of momentum heading into the spring season.
Closed sales climbed nearly 30% from January, reaching 2,629 transactions across the metro area. Pending sales also rose, jumping 29% month-over-month, more than 15% compared to February of last year. New listings increased about 12% over last month, bringing total inventory to nearly 9,000 homes and condos available for buyers.
As Aldo Svaldi reports in The Denver Post, “The warm kiss of 30-year mortgage rates below 6% in February appears to have awakened metro Denver’s housing market from its deep slumber.” That shift, combined with slightly softer pricing and more negotiating flexibility from sellers, has helped bring buyers into the game. Homes began moving much faster in February, with median days on market dropping from 53 days in January to just 33 days.
Pricing showed signs of stabilization as well. The median close price for February landed at $580,000, up around 2% over last month and just a slight decrease over the same period last year. At the same time, the growing number of homes available continues to provide buyers with options—a dynamic that can help keep the market balanced.
DMAR notes that many buyers are approaching the market thoughtfully but decisively. Amanda Snitker, chair of the DMAR Market Trends Committee, explains, “Buyers who entered the market early this year have benefited from softer pricing and lower mortgage rates… Buyers are selective in this market, but they’re prepared to move quickly when the right opportunity comes along.”
While year-to-date sales remain slightly behind 2025 levels, February’s rebound suggests the market may be secure in its footing. With more listings entering the market, motivated buyers returning, and interest rates offering a bit of relief, metro Denver appears to be heading into the spring season with renewed energy and opportunities on both sides of the closing table.
