AURORA, Colo. — A pedestrian died Thursday morning after he was hit by a car on southbound E-470, the Aurora Police Department said.

The crash happened around 6:19 a.m. Thursday, according to the E-470 Toll Authority, shutting down the highway between 48th and 56th Aves. for approximately three hours. The stretch of road reopened around 9:24 a.m. Thursday, according to the E-470 Toll Authority.

A 34-year-old man intentionally jumped in front of a white Chevrolet Silverado driving on southbound E-470, according to the initial Colorado State Patrol (CSP) investigation.

• Watch the full Denver7 traffic report in the video player below.

Deadly vehicle, pedestrian crash shuts down stretch of SB E-470: Aurora PD

The driver of the Chervolet was not injured and stayed on scene to assist law enforcement with the investigation, CSP said.

Traffic was diverted off E-470 at 48th Ave. during the closure, the E-470 Toll Authority said, advising drivers to find alternate routes. Northbound E-470 remained open during the fatal crash investigation led by CSP.

Higher mortgage rates are discouraging buyers and sellers, and slowing market activity along the way across the Denver metro, according to a Denver Metro Association of Realtors May market trends report.

“There’s a lot of fatigue going on, and specifically due to interest rates, Denver has seen a pretty typical 6% average price appreciation, but the last couple of years it’s been relatively flat. However, that’s just kind of made up for the fact that during the pandemic we saw huge appreciation gains,” said Heather O’Leary, a realtor and a member of the Denver Metro Association of Realtors market trends committee.

Watch more of Micah Smith’s interview with Heather O’Leary on the current housing market in the video below.

New report finds Denver metro home buyers and sellers experiencing ‘unattainability fatigue’

O’Leary said from May 2017 to May 2026, the median sale price grew from $382,000 to $615,000, a 6% average annual increase that mirrors the market’s long-run historical norm.

“A median home in the Denver metro area could cost 87% more than it did in 2020 and so buyers are exhausted. That’s where we get the term affordability or unattainability fatigue, because it’s just difficult for them to jump into something. And then sellers are honestly exhausted as well, because they don’t want to have to drop their prices,” O’Leary said.

According to the report, closed sales fell nearly 7% year-over-year, attached-home sales dropped almost 18%, and new listings declined more than 17%. 

However, the report found the luxury market is outperforming the broader market.

“Luxury buyers are definitely less affected by interest rates, and we’ve seen 3.1% increase year-over-year in pending sales, and about 5% in closed sales, and that’s really because luxury buyers are less affected by interest rates, because they have more flexibility, potentially more cash and equity in a home,” O’Leary said.

The DMAR Market Trends Committee releases reports monthly, including data for Adams, Arapahoe, Boulder, Broomfield, Clear Creek, Denver, Douglas, Elbert, Gilpin, Jefferson and Park counties.