Denver Metro Housing Market Update – What February’s Numbers Tell Us

The February numbers for the Denver Metro housing market show a market that’s adjusting, not declining. Inventory is growing, buyers are active, and the market is moving toward a more balanced environment than we’ve seen in recent years.

Year-Over-Year Market Insights

Compared to this time last year, the biggest change is that buyers have more homes to choose from.

Closed sales dipped slightly, down about 1% year over year to 2,702 homes, while the median home price came in at $575,000, about 4% lower than February of 2025. Both single-family homes and attached homes saw modest price adjustments.

Homes are also taking a little longer to sell. The median Days in MLS increased to 37 days, which is four days longer than last February. That’s giving buyers a bit more time to evaluate properties and negotiate.

Attached homes are seeing the longest marketing times, with a median of 46 days, while single-family homes averaged 32 days on the market.

At the same time, more sellers are entering the market. New listings increased 4% year over year to 4,997, and active inventory rose 9% to 9,023 homes. That equates to roughly 14 weeks of housing supply.

For sellers, the takeaway is simple: pricing correctly matters more than ever. With more competition on the market, homes that are priced strategically and marketed well are still attracting strong buyer interest.

Month-Over-Month Market Momentum

After a slower start to the year—which is typical for the winter months—February showed a noticeable increase in activity.

Closed sales jumped 38% compared to January, and the median home price ticked up 1% month over month.

Homes also began selling faster. Median Days in MLS dropped by 19 days, marking the first month-to-month improvement in market speed since October.

We also saw stronger activity from both buyers and sellers:

  • New listings increased 12% month over month

  • Pending sales surged 30% to 3,752 homes

That kind of jump in pending sales is a strong sign that buyer demand is still very much present as we move toward the spring market.

Denver Metro Rental Market

The rental market also saw steady activity in February.

Leased properties increased 21% year over year to 260, showing strong renter demand across the metro area.

The median rent came in at $2,650, down 5% from last year, but interestingly renters are paying more for efficiency. Price per bedroom rose 21%, and price per square foot increased 3%.

Properties are taking longer to lease as well. Median days on market for rentals increased to 37 days, which is 10 days longer than last year. That suggests leasing activity has slowed slightly, though renter demand remains healthy.

The Bottom Line

The Denver Metro housing market is shifting toward a more balanced environment.

Buyers have more options than they did over the past few years, but demand remains strong—especially as we head into the spring market. For sellers, this means pricing correctly and presenting the home well is more important than ever.

For buyers, the good news is there’s more inventory, more time to evaluate homes, and more opportunity to negotiate than we’ve seen in quite a while.