February Market Report - Metro Denver

Last Month's Key Statistics

for Denver's Real estate Market

Attached & Detached Single Family Homes

The average sales price of $676,548 in January declined 0.02% from last month and declined 1.4% from last year.

Active Listings: 8,228 up 8.2% from last month | up 7% from last year
Homes Closed: 1,919 down 40.6% from last month | down 19.7% from last year
Months of Housing Supply: 4.3 months up 1.9 months from last month | up 1.1 months from last year

Quick Stats:

The average number of active listings for January (1985-2025) is 11,926.
The record-high January occurred in 2008 with 24,550 listings while the record-low was set in 2022 with just 1,184 listings.
Historically, active listings decline an average of 3.3 percent from December to January. This January's 8.2 percent increase reflects a strong influx of new listings.

"Oh the times they are a-changing."

Today, I make the argument that Bob Dylan's hot take is old news. At least in regards to Denver's real estate market, because our times HAVE changed. Here's what I wrote in February of 2020:

"Strange how a Coronavirus scare in China can affect real estate in Denver, but it does.

Out of fear of the global economy suffering from the virus, investors put their money in bonds, causing mortgage rates to drop lower and lower during the month of January. Buyers snatched up the new year's listings quickly, taking advantage of 3-year low interest rates.

We're still below 2 months of housing supply in Denver Metro. That fact, combined with low mortgage rates, means we should all expect buyers to continue to snatch up new listings quickly as we move into the spring."

And this was our market BEFORE the pandemic created a huge spike in demand with work-from-home mandates and freedom for knowledge workers to finally make the move to Denver that they had always dreamed of.

So let's compare February 2026 to February 2020. Today we have 67% MORE supply and 36% LESS demand. This results in a 250% increase in Housing Supply (the ratio of supply to demand). We should certainly talk (or sing) about change in the past tense.

Today's new reality is that the buyers are selective, not desperate. Successful sellers are patient, not greedy. And everyone needs good advice and proven processes to meet their goals.

And that's what we are here for! I'll leave you with our Mission Statement -one thing that has NOT changed since we founded Florence Realty Co. in 2017:

Buying or selling a home doesn’t have to be risky or stressful. Florence Realty Co. exists to provide expert advice and a proven process for our residential real estate clients. Home buyers and sellers deserve to make smart and stress-free real estate investments.