Metro Denver’s housing market stumbled out of the beginning blocks in 2026, with house gross sales in January dropping to a month-to-month low not seen since 2008, when the housing crash put a deep chill available on the market, in accordance with an replace Wednesday from the Denver Metro Affiliation of Realtors.
Consumers bought 1,919 houses and condos final month, which was down 40.6% from December’s 3,228 closings. Closings have been down almost 20% in comparison with January 2025. However there are indicators the windmilling market might regain its stability in February, with 3,060 pending gross sales in January, up 47.2% from December. Pending gross sales symbolize houses underneath contract, however not closed but.
Conversely, the variety of new listings surged almost 153% between December and January, reaching 4,455. The bounce was massive, however on par with the 4,350 listings in January 2025. That enhance didn’t translate right into a comparable rise within the stock of listings obtainable on the finish of January.
There have been 8,228 energetic listings on the finish of January, up from 7,607 in December and seven,688 a yr earlier. The month-to-month achieve was 8.2% and the annual achieve was 7%. Listings have been taking a median of 53 days to promote, up from 45 days within the month-ago and year-ago intervals.
“Many of those have been listings withdrawn from the market in November and December, with plans to relist after the primary of the yr,” Amanda Snitker, chairwoman of the DMAR Market Traits Committee and a Denver Realtor, mentioned in feedback accompanying the report.
The typical charge on a 30-year mortgage was 6.1% on the finish of January, which is down sharply from the 6.9% charge seen a yr earlier, in accordance with Freddie Mac. Decrease mortgage charges give patrons some respiratory room, as do decrease house costs. These are down 3.6% on the yr for single-family houses and a pair of% for condos and townhomes.
The median value for a single-family house that bought in January was $615,000, down from $625,000 in December and $638,000 a yr earlier. The median value of a condominium/townhome bought was $390,000, up from $384,995 in December and down from $398,000 a yr earlier.
Snitker mentioned the delicate winter and the added stock hitting the market might enhance the outlook for patrons and lead to an earlier ramp-up to the home-buying season, regardless of the sluggish begin.
“Slightly than ready for dramatic shifts, the perfect benefit in 2026 will come from performing when private timing and monetary readiness align,” Snitker mentioned.
The very best worth condominium sale, at $8.25 million in money, was for 1500 Wynkoop Avenue, Unit PH-1, in Denver, whereas the highest-priced indifferent house sale, at $9.3 million in money, was for 20 Viking Drive in Englewood, in accordance with the report.
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