March-April 2026 Your Castle Real Estate Newsletter

More Listings, Faster Sales, and a Market Waking Up

Momentum continued to build across the Denver Metro housing market in February, carrying forward the shifts that began to emerge in January. Contract activity increased, closings gained traction, days on market shortened, and buyers showed a greater willingness to act when well-priced homes became available. With interest rates easing and sellers aligning more closely with market expectations, February reinforced this early-year momentum. Whether this reflects a typical seasonal spring uptick or the beginning of a more sustained shift in market pace will become clearer in the months ahead.

Inventory saw a meaningful expansion in February. Active listings rose 9.24 percent from January, reaching 8,988 homes at month’s end. This increase stands out compared to the historical average change of just 0.45 percent between these two months, making it the fourth-largest percentage gain on record. For context, the long-term average number of active listings in February is 12,396 homes. The market recorded its highest February inventory in 2006 with 25,484 listings, while the lowest level occurred in 2022 with only 1,226 homes available.

New listings also trended upward, increasing 12.15 percent month-over-month and 3.59 percent year-over-year, providing buyers with a broader range of options as the spring market begins to take shape.

Homes also moved through the market at a quicker pace. Both average and median days on the MLS declined significantly month-over-month across all property segments, dropping 19.18% and 37.74%, respectively. Several factors likely contributed to this shift, including an unseasonably warm winter that supported steady showing activity, interest rates dipping below six percent, and the early effects of typical seasonal patterns as buyers begin to reengage ahead of spring. Regardless of the cause, the data indicates that well-positioned homes are securing buyers more quickly than they were just a few months ago.

Buyer activity accelerated as well. Pending sales rose sharply month-over-month at approximately 30% across all segments, signaling a meaningful increase in contract activity during February. Closed sales also moved higher month-over-month, which is consistent with the prior increase in pending transactions, though the roughly 30% gain still stands out as a notable jump.

Pricing remained relatively stable overall. Average and median closed prices posted modest month-over-month increases of 1.33% and 1.98%, respectively, with detached homes reflecting similar incremental gains. Attached homes, however, saw slight declines month-over-month at 4.97% and 2.82%, along with more noticeable year-over-year decreases of 7.52% and 5.25%. Taken together, pricing trends continue to point toward a balanced market, where neither buyers nor sellers hold a distinct advantage.

Info for Sellers:

Preparation continues to matter more than timing. Homes that are truly dialed in—well-staged, clean, in great condition, located in desirable areas, and priced appropriately—are still seeing strong interest. The most compelling listings are receiving multiple offers and often selling at asking price or moderately above, sometimes by $10,000 to $15,000 or more.

Buyers are paying close attention and moving quickly when a home checks the right boxes.

Info for Buyers:

The recent shift in mortgage rates may provide additional breathing room for the market. In the final week of February, the 30-year fixed rate dipped below six percent for the first time since 2022. That psychological threshold carries weight, already prompting an uptick in refinancing activity while gradually drawing some buyers back into the market.