• Year-Over-Year Insights

  The Denver Metro housing market continued its shift toward a more balanced environment this November, with activity slowing but opportunities opening for both buyers and sellers. Closed listings fell 11% to 2,749, reflecting cooler buyer activity compared to last year. Even so, prices remained relatively steady: the median closed price increased 1% to $584,000. Attached homes saw the biggest shift, with the median price dipping 8% to $400,000, while single-family homes held their ground at a median Closed Price of $635,000, down less than 1% year over year.

  Homes spent more time on the market overall, with Days in MLS rising to a median of 38—nine days longer than last November. Attached properties lingered the longest at 43 days, compared to 35 days for single-family homes. This added time gives buyers more room to compare options and negotiate, especially in segments where inventory is slower to move.

  New listings declined 5% year over year to 2,618, but active inventory grew significantly—up 14% to 10,199 homes. For buyers, this means more selection and less urgency. For sellers, pricing strategically and preparing for longer market times will be key to attracting serious buyers in a more competitive environment.

• Month-Over-Month Insights

  Month over month, the Denver Metro housing market showed expected late-fall cooling in November as activity slowed across several key indicators. Closed listings fell 21% compared to October, reflecting both seasonal behavior and buyers taking a more measured approach heading into the holidays. Even with softer activity, home prices remained stable— the median closed price declined just 1% month over month, signaling that sellers are still maintaining value despite fewer transactions.

  Homes spent a median of 38 days in the MLS, up only three days from October, demonstrating that while pace has eased, properties continue to move steadily when priced well. New listings saw the sharpest shift, dropping 41% month over month. Pending listings dipped 9% to 2,978, aligning with the slower seasonal rhythm.

  For buyers, this environment presents opportunities to shop with less competition and more time to evaluate options. For sellers, strategic pricing and strong presentation remain essential as demand tapers heading into winter.

• Denver Metro Rental Market

  The Denver Metro rental market strengthened this November, with leased properties up 16% year over year. Rental prices eased this November, with the median leased price down 1% to $2,650 and both price-per-bedroom and price-per-square-foot declining, giving tenants a bit more room in their budgets. Homes also spent longer on the market—41 days, up 10 days from last year—offering renters more time to compare options. For tenants, this means better pricing and more breathing room; for landlords, it underscores the importance of competitive pricing and strong property marketing to stay ahead in a more price-sensitive environment.
  

*Information provided by REColorado. Click here for the full report.