3 Things I Think You Should Know About This Week - March 4, 2026

by Matt Thomas

3 Things I Think You Should Know About This Week

1 - Market Myth: “Nothing is selling right now.”

Let's start by debunking a common myth. The headlines will tell you “nothing's selling right now” but the numbers don't lie:

In fact, more than 1,370 homes sold across the Front Range in just the past 7 days. I know, I just checked.

Here’s where buyers were actually purchasing:

38% under $500K
35% between $500K–$700K
16% between $700K–$1M
11% above $1M (up to $5.5M)

What this tells us: the center of gravity in the market is still the $500K–$700K range, where the largest share of buyers are competing. At the same time, more than a third of homes sold under $500K and even the luxury market remains active with over 150 homes closing above $1M last week. (REColorado)

2 - Mortgage applications jumped up 11% last week.

Lower mortgage rates are helping get the real estate market moving again. As borrowing costs ease a bit, more buyers are applying for mortgages to purchase homes, and some homeowners are taking the opportunity to refinance their current loans. (Mortgage Bankers Association)

3 - Mortgages with rates above 6% outnumber sub-3% loans.

Homeowners are finally starting to give up their 3% mortgages.

No one wants a mortgage with a higher rate. But if you need—or want—to finance a home purchase today, rates will likely be higher than what many homeowners secured in the early 2020s.

For the first time in five years, more homeowners now have mortgage rates above 6% than those with rates below 3%.

What this tells us is that, over time, more homeowners will eventually need to move and take on mortgages at today’s rates. The “lock-in effect”—where homeowners avoid selling to keep their ultra-low mortgage rates—is beginning to ease. As that happens, it should gradually lead to more homes coming onto the market and an increase in available housing inventory. (Redfin)

If you're curious what homes like yours are actually selling for in today's market, I'm always happy to take a quick look.

Bottom Line

If your plans include a home purchase or home sale this year but you're just not sure if you're ready, please just reach out. We are real estate consultants, not a lifeless website. We're here to answer questions, lead and guide you through the pitfalls and the opportunities of today's market.

Let's have a conversation. Call me at 303.269.1617