What the same payment buys at 7%
The average 30-year fixed rate reached 7.07% today, according to Mortgage News Daily. Rates haven’t been this high since May 22, 2025, 476 days ago.
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Every week, the Principal Team publishes analysis of the Denver metro real estate market for the people who actually need it — buyers and sellers making decisions right now. We pull from REcolorado MLS data, DMAR reports, and our own transaction-level experience working with clients across the Denver metro area to answer the questions you’re actually asking: where are prices moving, what are rates doing, and how do national headlines translate into what’s happening in your neighborhood. We don’t editorialize beyond what the data supports, and we don’t pretend the market is simpler than it is. If you’re trying to make a smart decision about a home in Denver, this is where we’ll help you think it through.
Welcome to Market Intelligence.
The average 30-year fixed rate reached 7.07% today, according to Mortgage News Daily. Rates haven’t been this high since May 22, 2025, 476 days ago.
Sales fell 18.99% from July and 17.35% from last August. Year to date, sales are down 3.49%. Should we be concerned?
When funds are limited, what should you fix before your home goes on the market? What should you hold back for the inspection? Does the price you have in mind actually get you where you need to go?
Nearly two-thirds of Metro Denver homes that closed in the last 90 days came with the seller paying something toward the buyer’s costs. Across 12,580 closings in Adams, Arapahoe, Boulder, Broomfield, Denver, Douglas and Jefferson counties, 62% included a concession.
For two years running, our updates have said the same thing about supply: there’s more of it. July broke the streak. Metro Denver ended the month with 13,115 active listings, down 6.29% from July 2025 and the first July-over-July decline since 2023.
I pulled every listing in our seven counties that left the market during the first 29 days of July, going back four years, and sorted them into two piles: the ones that closed, and the ones whose listing agreement ran out without a sale. The results are surprising.
Which metro county has cooled the most since the pandemic? And how does metro Denver compare to Austin and Chicago? Let’s take a look at the rate at which homes are selling and compare it to those cities and our area before and during the pandemic.
Interest rates are up today and that has us thinking about affordability. The median home in Metro Denver sold for $616,000 in June. The median household here earns $108,046 a year. Whether those two numbers can meet is the question underneath most conversations about our market, and the answer is less comfortable than a year of roughly flat prices might suggest.
Buyers are competing in one part of the market and hesitating in another. In fact, the market is splitting in two with one group of homes increasing in price, while the other declines. What’s happening with detached homes versus attached homes in metro Denver?
The buyer who skips the cookout to tour a home on the third or the fifth is there to buy. That person gave up a day they could be at the pool, a ballgame or a museum to look at your kitchen. Agents around the country say the same thing every July: the holiday crowd is smaller. And it is the most committed group of the season. Fewer buyers walk through the door this week. The ones who do are ready to write an offer.
For two years the headlines have announced that inventory is back and the market has tilted toward buyers, and the raw count supports that. What gets lost is that a fuller pool of listings doesn’t mean every home competes equally.
Agents and analysts use a rough rule for months of supply – under about five months favors sellers, while over five months favors buyers. By that measure, in the same city and the same month, detached houses are a seller’s market and condos and townhomes are a buyer’s market. The affordable half of Denver is the half where buyers hold the leverage.
A 15-minute phone call can help you decide whether it’s the right time to move forward with a sale and whether we may be a good fit.
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