November ‘25 Market Report

The Denver housing market in November 2025 showed a continued return to balance as both buyers and sellers adjusted to the slower seasonal cycle and evolving economic conditions. Inventory levels remained higher than at the same time last year, giving buyers more options and reducing the competitive pressure that defined much of the previous market. Homes that were well priced and move in ready continued to attract steady interest, while properties needing updates experienced longer days on market. Sellers became more strategic with pricing and concessions as affordability remained top of mind for many buyers. Mortgage rates, while still elevated compared to historic lows, showed modest stabilization that helped restore buyer confidence heading into the winter months. Demand stayed strongest in centrally located neighborhoods and in turnkey homes under key price thresholds. Overall, November reflected a more predictable, sustainable pace for Denver real estate, setting the stage for a potentially active early spring market in 2026.