Denver Metro Market Update – November 2025: Normal Is Not Broken

As we close out 2025, the Denver Metro real estate market is offering a much-needed return to balance. While the headlines often suggest a “slow” or “uncertain” market, the data paints a different picture: this is what seasonal normalization looks like.Buyers are adjusting to affordability realities, sellers are responding with better pricing strategies, and the frenzy of the past few years has given way to more predictable rhythms.

Market Overview – November 2025:

• Median Sale Price: $585,000 — down 1.85% from October, flat compared to last year
• New Listings: 2,620 — a 41.39% drop from October, closely mirroring seasonal trends
• Days in MLS (Median): 36 days — up slightly from 33 in October, reflecting typical holiday slowdown
• Close-Price-to-List-Price Ratio: 98.32% — consistent with last month, indicating steady negotiation margins

Current Conditions:

The steep month-over-month drop in new listings (-41.39%) and active inventory (-15.92%) reflects a typical seasonal pullback, nearly identical to November 2024. Sellers are pausing during the holidays, not exiting the market altogether. Buyers, meanwhile, still have negotiating power. The market is no longer dominated by bidding wars, but homes priced right are still moving—especially in the detached segment where demand remains relatively steady.

For Sellers: This isn’t a broken market—it’s a functional one. Strategic pricing and presentation matter more than ever. Homes that are priced correctly are still selling close to list price with minimal concessions.

For Buyers: Inventory is tighter right now, but you have time to think and negotiate. Don’t expect deep discounts—but do expect a market where rational offers and realistic expectations prevail.

Looking Ahead: December and January will likely continue the trend of slower activity. But come spring, we can expect a seasonal surge in listings and buyer interest. Those who understand the difference between a quiet market and a healthy one will be the first to benefit.

Need Help Navigating This Market? Whether you’re buying, selling, or just exploring your options, I’m here to guide you with expert insights tailored to your needs.

This update is based on information provided by the Denver Metro Association of Realtors® for the period of  November 1, 2025, through  November  30  2025, for the following counties: Adams, Arapahoe, Boulder, Broomfield, Clear Creek, Denver, Douglas, Elbert, Gilpin, Jefferson and Park.