Denver Real Estate Market Update: November 2025

The Metro Denver market is moving with intention. Inventory tightened, buyers stayed active, and pricing held its ground where strategy was sharp. This is a market for informed decisions and confident execution.

Key Numbers at a Glance

• Single-family median list price: $615,000. Median sales price: 630,000 dollars. Close-to-list ratio at 99.2 percent signals buyers are still paying near ask for well-positioned homes.
  
  
  

• Active single-family listings: 6,557, down 20.8 percent month over month, which reduces competition for sellers who bring best-in-class presentation and pricing. Months of supply: 2.6.
  
  
  

• Pending single-family listings: up 5.7 percent year over year, a clear measure of demand in late fall.
  
  
  

• Average days in MLS: 54 for single-family. Buyers have a touch more time to perform due diligence without losing pace.
  
  
  

• Multi-family median sales price: 375,000 dollars, down 8.5 percent year over year, creating value plays in condos and townhomes. Months of supply: 4.6. Close-to-list at 98.8 percent.
  
  
  

• Price reductions in single-family: down 40.4 percent month over month, a sign of smarter, data-true pricing at launch.
  
  
  

What This Means for Sellers

1) Less competition, more visibility
Active listings fell from 8,276 to 6,557 month over month. With fewer homes on the market, a well-prepped listing stands out and attracts qualified traffic.

2) Near-ask outcomes are still the benchmark
A 99.2 percent close-to-list ratio shows that buyers pay for quality when price and presentation align. Invest in launch readiness, marketing, and a clear pricing thesis.

3) Smarter pricing from day one
Price reductions dropped 40.4 percent month over month. Sellers who anchor to comps and micro-trends are avoiding mid-listing corrections and protecting negotiation position.

4) Real demand is present
Pending single-family contracts rose 5.7 percent year over year, reflecting buyer confidence in Denver’s fundamentals. Launching now captures motivated end-of-year activity.

5) A balanced timeline
Average days in MLS at 54 means qualified buyers are deliberate, not disengaged. Strategic pricing plus elevated presentation keep your days on market efficient.

What This Means for Buyers

1) Multi-family is a value lane
The median condo and townhome sales price of $375,000 is 8.5 percent lower than last year, while supply sits at 4.6 months. Buyers can target renovated units, strong HOAs, and location premiums with less pressure.

2) Negotiation space exists but is earned
Close-to-list is 98.8 percent in multi-family. Clean offers, flexible timelines, and thoughtful terms can secure value without chasing every property.

3) More time to make the right move
Average days in MLS rose to 65 in multi-family. Use that time to underwrite the building, review reserves, and structure lender credits that lower your total cost.

4) Single-family tightness rewards readiness
With supply at 2.6 months and active listings down sharply, be pre-approved, know your comps, and be ready to act decisively on standout homes.

5) Fewer mid-transaction surprises
Back-on-market counts improved month over month in both segments, a sign that deals are being structured with better prep and fewer avoidable hiccups.

Rachel’s Expert Take

This is a precision market. Sellers who lead with data, design, and disciplined pricing continue to achieve near-ask results. Buyers have targeted opportunities, especially in the multi-family segment, where patient underwriting and clean terms pay off. Strategy is not optional. It is an advantage. 

Ready to plan your next move

For a data-driven pricing plan, neighborhood-level comps, and a tailored buying or selling strategy, connect with Rachel Gallegos at Compass Colorado.