|
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.
| 
