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March 2026 Overview
Spring Showed Up Early — and Buyers Answered
Mortgage rates climbed back above 6% through most of March, the Iran conflict rattled financial markets, and new listings jumped nearly 20% from February. Buyers showed up anyway. Pending sales surged 30.69% month-over-month, closed transactions rose 28.12%, and average days in MLS dropped from 59 to 50 — a 15% decline in a single month. These weren't buyers who were browsing. They were buyers who were ready.
The activity was broad-based. Detached pending sales rose 30.03% and attached rose 32.99% month-over-month. The close-price-to-list-price ratio climbed to 99.13%, and well-priced homes in desirable locations drew multiple offers. Active inventory ended March at 9,846 — up 9.55% from February, but just 0.84% above March 2025. Despite the narrative of elevated inventory, supply is barely higher than a year ago. The real shift is demand coming back into alignment with it.
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Pending sales jumped 31% in a single month — while rates were rising. That's not seasonal noise. That's buyers making a decision.
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Detached — Single-Family Homes
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Median Close Price
$645,000
+2.69% MoM · -2.27% YoY
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Average Close Price
$785,555
+4.16% MoM · +0.91% YoY
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Closed Sales
2,822
+27.23% MoM · -0.84% YoY
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Active Listings (EOM)
6,107
+9.48% MoM · -1.45% YoY
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Avg Days in MLS
45
-22.41% MoM · -2.17% YoY
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Close-to-List Ratio
99.27%
+0.36% MoM · -0.17% YoY
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Attached — Condos & Townhomes
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Median Close Price
$397,000
+4.49% MoM · +1.93% YoY
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Average Close Price
$453,148
+7.45% MoM · +3.52% YoY
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Closed Sales
809
+31.33% MoM · -8.48% YoY
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Active Listings (EOM)
3,739
+9.65% MoM · +4.82% YoY
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Avg Days in MLS
65
+3.17% MoM · +27.45% YoY
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Close-to-List Ratio
98.67%
+0.72% MoM · -0.06% YoY
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The Longer View
One Good Month Doesn't Erase a Slow Start
March was legitimately strong. But year-to-date, 2026 is still running behind 2025. Closed sales through March are down 5.04% year-over-year, and the median close price year-to-date sits at $580,000, off 1.69% from the same period last year. The attached segment carries more of that weight: YTD closings in condos and townhomes are trailing last year by 13.02%, with rising HOA fees and insurance costs continuing to slow buyer interest in that category.
Those cumulative numbers reflect a slow January and February as much as anything happening now. If March's momentum holds into April and May, the gap should begin to narrow. Active inventory is nearly flat year-over-year — not the oversupply story some headlines have suggested. The market has been recalibrating. March was the first month in a while where buyers and supply looked like they were moving toward the same place at the same time.
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For Buyers
The spring market is real and moving fast. Detached homes at well-priced points are going under contract quickly — in some cases before buyers have time to schedule a showing. If you've been waiting for conditions to shift, they already have. Come prepared.
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For Sellers
Sellers who priced accurately in March were rewarded. The close-to-list ratio climbed to 99.13%, but that number reflects homes that were priced right. Overpriced listings still sat. Concessions are running above last year on a trailing basis, and buyers know what things are worth — often before they walk in the door.
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Data: DMAR Market Trends Report, March 2026 · Source: REcolorado MLS
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