November 2025 Market Update + Review

November brings a cooler market as families are one step into the holidays, which can mean travel or visitors. Despite last month’s stability returning, it’s natural for these colder months to slow down buyer and seller activity alike. Mortgage rates declined, giving us one of the lowest averages we’ve seen in the past three years.

The median close price in the Denver Metro area came in at $585,000, a slight 0.85% dip from last month. While prices softened a touch, they’re still in line with the steady trend we’ve seen all year. This is good news for homeowners looking to protect their equity.

Active listings dropped to 10,506, down 15.92% from October, almost identical to the seasonal drop we saw last year. Fewer sellers list during the holidays, and many temporarily pause their listings, planning to return after New Year’s. This decrease is not a sign of weakening demand. It’s simply the holiday pattern we expect every year.

Closed sales totaled 2,734, which is down month-over-month, but again, normal for this time of year. Buyers are busy, sellers are traveling, and everyone is juggling holiday plans — yet the market remains active enough to show healthy movement.

The median days in MLS increased slightly to 36 days, up about 9% from October. For buyers, this means a bit more breathing room. For sellers, it’s an opportunity to price strategically and make sure the home shows its best.

Listing prices are up .86% from last year. In November 2025, the average residence sold for $706,996. The average single-family home sold for $778,431. The average attached home sold for $437,585.

Overall, November’s numbers reflect stability. Prices are holding, buyer demand is still present, and the market is behaving exactly as a balanced market should heading into winter. If you’re considering a move in early 2026, now is a great time to plan ahead. The spring market will be here before we know it.