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After an unprecedented eight
year run (2014-2022) that saw home values across the county
skyrocket to historic levels, the
Denver real estate market
is starting to recalibrate as mortgage interest rates that
went from historic lows in the 3% range for a decade to nearly 7.5%
by late 2024. As
of February 2026, mortgage interest
rates have edged down slightly (low 6% range) combined with increased
inventory levels which are resulting
in price
reductions throughout the metro area.
Denver's current
real estate market looks quite
different than years past as sellers are having to recalibrate their
pricing expectations due to increased competition and buyers who are
finally getting some much-needed relief that enables them to take time
shopping for and evaluating properties without the sense of urgency that
dominated our market where decisions needed to be made within hours.
A handful of properties are selling quickly, but this is the
exception and not the rule as days on market are pushing two months.
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