Denver Metro Real Estate Market Update: February 2026

The Denver metro market is showing clear signs of a seasonal reset heading into spring. Inventory is building, buyer demand is picking up meaningfully, and sellers who price correctly are still closing near full ask. Here is what the February 2026 data tells us and what it means if you are buying or selling right now.

Single Family Homes: Pricing Holds Steady

The average closed price for single family homes in the 7-county Denver metro came in at $749,299 in February, up 2.9% from January. The median settled at $630,000, also up 2.8% month-over-month. Year-over-year, prices are down slightly (3.2% average, 1.6% median), which reflects the rate environment from the prior year, not a structural decline.

Average price per square foot for single family homes is $279, up 1.8% from last month.

If you are a seller, the data supports holding firm on price if your home is well-positioned. Buyers negotiating heavily should understand that the market is not in freefall. Pricing is correcting modestly, not collapsing.

Condos and Townhomes: Where the Softness Lives

The condo and townhome segment tells a different story. Average closed price dropped to $415,265, down 6.4% from January and 7.8% year-over-year. Median came in at $372,000, down 4.4% month-over-month.

Average price per square foot for condos is $291, down 0.7% from last month and 6.7% year-over-year.

For buyers, this segment presents real opportunity. For sellers in this category, pricing strategy matters more than ever. Getting out ahead of further softening with competitive pricing is the move.

Supply is Growing

Active listings hit 8,604 in February, up 6.5% from January and 0.9% year-over-year. New listings came in at 4,839, up 11.9% month-over-month.

This is a market waking up from winter. More inventory means more choices for buyers, but it also means sellers are competing harder for attention. Presentation, pricing, and marketing quality directly impact outcomes right now.

Months supply of listings sits at 2.50, flat year-over-year. That still reflects a market that leans toward sellers in the well-priced, move-in-ready category, but the balance is shifting.

Demand is Coming Back Strong

Pending sales jumped to 3,637 in February, up 25.4% from January and 12.9% year-over-year. That is a significant signal. Buyers who sat on the sidelines are moving.

Showings per listing came in at 6.6, up 8.2% year-over-year. Average showings to pending is 16.1. Demand is present and accelerating into spring.

Days on Market: Homes Are Moving Faster

Average days in MLS dropped sharply to 58 days in February, down 19.4% from January. That is a meaningful compression as the spring market ignites.

Homes that are priced right and presented well are not sitting. If your listing has been on market for 60-plus days, it is time to have a direct conversation about strategy.

Negotiation: Sellers Still Holding Most of the Cards

Closed price to list price ratio is 98.7%, up 0.7% from last month. Sellers are getting almost full ask. Buyers expecting to negotiate 5-10% below list will be disappointed on well-priced homes.

What This Means for You

Sellers: Spring is here. If you have been waiting, now is the time to get on market before inventory builds further. Price it right from day one. Homes that launch well are closing near full ask.

Buyers: Demand is accelerating and competition will increase through Q2. Waiting for prices to drop further in the single family segment is a risky strategy. The condo market does offer value-oriented opportunities if that fits your criteria.

Investors: The spread between single family and condo performance creates interesting scenarios. Single family holds value. Condos are repricing in a way that could pencil for cash flow-focused acquisition strategies.

About Corken + Company

Corken + Company Real Estate Group serves buyers, sellers, and investors across the Denver metro market. Our team combines deep local market knowledge with a client-first approach to help you make confident, informed decisions.

Ready to talk strategy? Contact us at corken.co or call our office to connect with one of our brokers.