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.”…