Denver Metro Real Estate Market Update: February 2026

By Rachel Sartin | TheCollectionColorado.com

Spring is arriving early in the Denver metro real estate market, and if you have been waiting for the right moment to make a move, the data is worth paying attention to. February brought some encouraging signals for both buyers and sellers, and I want to break it down in a way that actually makes sense for where you are in your journey.

Home Prices Are Holding Strong

If you own a home in the Denver metro, your equity is in good shape. The median single family home price came in at $630,000 in February, up 2.8% from January. The average closed price reached $749,299, also up month-over-month.

Yes, prices are slightly softer compared to a year ago, down about 1.6% on the median. But that is a reflection of where mortgage rates have been, not a sign of instability in the market. Denver continues to be a place people want to live, work, and put down roots, and that is what supports long-term home values.

If you have been curious what your home is worth in today's market, now is actually a great time to find out. Sellers who get ahead of the spring rush tend to have less competition and more negotiating power.

Buyers Are Back in a Big Way

This is the number that really caught my attention in February. Pending sales jumped to 3,637, up 25.4% from January and nearly 13% higher than this time last year. That is a significant surge in buyer activity, and it tells me that people who have been sitting on the sidelines are starting to move.

Showings per listing are up 8.2% year-over-year as well. Homes are getting more eyes on them. If you are a buyer, the window to shop with less competition than you will see in April and May is right now.

Homes Are Moving Faster

Average days on market dropped to 58 days in February, down nearly 20% from January. That seasonal compression is normal as we head into spring, but the pace of the shift is notable this year.

Well-priced, move-in ready homes are not sitting. If a listing has been on the market for 60 or more days, there is usually a story behind it, and it often comes down to price or presentation. Getting those two things right from day one continues to make all the difference.

Sellers Are Getting Close to Full Ask

The closed price to list price ratio came in at 98.7% in February. That means sellers are walking away with nearly every dollar they asked for. Buyers who are hoping to negotiate 5 or 10 percent off the list price on a well-positioned home are going to be disappointed more often than not in this environment.

That said, there is room for smart negotiation on homes that have been sitting or need work. Knowing where the leverage is, and where it is not, is exactly what I am here to help with.

What About Condos and Townhomes?

The condo and townhome market is telling a different story. The median condo price dropped to $372,000 in February, down about 4.4% from January and 7% year-over-year. If you are a buyer who has had your eye on a condo or townhome in the Denver metro, this segment is offering real value right now. Prices have softened and inventory is available.

For condo sellers, pricing strategy matters more than in the single family space. I would love to sit down with you and talk through what a smart, competitive price looks like for your specific property.

Inventory Is Growing

Active listings hit 8,604 in February, up 6.5% from January. More inventory means more choices for buyers, which is a welcome change from the frenzy of prior years. It also means sellers need to show up with a strong listing, not just a sign in the yard.

The good news is that months of supply is still only 2.5, which means we are not in a buyer's market by any stretch. The balance has just become a bit more even, and that is healthy for everyone.

My Take

The Denver metro market is waking up for spring, and it is doing so with more energy than a lot of people expected. Demand is accelerating, homes are moving faster, and sellers are still holding most of the cards on well-priced properties.

Whether you are thinking about buying, selling, or just want to understand what is happening in your neighborhood, I am always happy to talk through it.

Reach out at TheCollectionColorado.com or send me a message directly. There is no pressure, just a real conversation about where you stand and what your options look like.