The November 2025 snapshot
Across the 11-county Denver Metro footprint:
- Median closed price: $584,000 (up 1 percent year over year)
- Homes closed: 2,749 (down 11 percent year over year, down 21 percent from October)
- Pending listings: 2,978 (down 9 percent month over month)
- New listings: 2,618 (down 5 percent year over year, down 41 percent from October)
- Median days in MLS: 38 (up 9 days from November 2024)
- Active inventory: 10,199 (up 14 percent year over year)
- Detached median price: $635,000. Attached median: $400,000 (down 8 percent year over year)
- Days in MLS by type: 35 days detached, 43 days attached
Source: REcolorado November 2025 Housing Market Report. Counties covered: Adams, Arapahoe, Boulder, Broomfield, Clear Creek, Denver, Douglas, Elbert, Gilpin, Jefferson, and Park.
What I am seeing on the ground
November was the month the late-fall cool-down arrived in earnest. New listings dropped 41 percent month over month. Sellers got the message: holiday approaching, list later, save the inventory for spring. Buyers also pulled back a step. Closings down 11 percent year over year was a real signal, not just seasonal noise.
The number that mattered most was active inventory: 10,199 homes, up 14 percent year over year. That is meaningful. A year earlier, buyers had less choice and more competition. By November 2025, buyers walking through homes had genuine selection and time to think.
The attached market told a sharper story. Median attached price down 8 percent year over year to $400,000. Attached homes sat at 43 days median time on market. That is the segment where buyers had the most leverage in late 2025. Around Littleton, Ken Caryl, and 80127, the condo and townhome buyers I worked with in November were getting 3 to 5 percent off list with seller-paid concessions on top. The detached buyers had less room but more selection.
For buyers
November was a buyer’s negotiating month. Inventory was up. Days were up. Sellers who kept their homes listed past Halloween were committed to selling, not just testing the market.
Three things to know:
- The attached market was where the deals lived. 8 percent year-over-year price decline on attached homes meant condo and townhome buyers in 80127 and 80123 were buying at meaningful discounts versus the prior year peak. If you were flexible on property type, this was the segment to focus on.
- Sellers listed in November had a reason. Either job relocation, life change, or pricing they should have offered a year earlier and finally accepted. Buyers willing to ask direct questions about the seller’s timeline often found motivated counterparties.
- Year-end closings have tax implications. If you wanted to close before December 31 for tax-year reasons (mortgage interest, property tax deduction timing), late November contracts were the latest reasonable starting point.
For sellers
November is the month most sellers should not list. The 41 percent month-over-month drop in new listings shows most sellers knew. If you were on the market in November, your home was competing against a smaller pool but for a smaller pool of serious buyers.
Three things to know:
- If you were already listed, the question by mid-November was: stay or pull. Stale listings hurt more than withdrawn listings. Pulling and re-listing in February with fresh photos and a fresh day count usually beat letting a November listing limp into January.
- Pricing in November had to reflect November buyer psychology. Buyers were thinking about year-end, holiday plans, and uncertainty. Aspirational pricing got skipped. Realistic pricing got offers.
- If your home was attached (condo or townhome), November was the toughest month of the year for your segment. The 43-day median time on market means real homes sat real long. Plan for at least 60 days and a price reduction if you were committed to selling before spring.
Frequently asked questions
Did Denver home prices drop in November 2025?
Marginally up overall. Median closed price was $584,000, up 1 percent year over year. The breakdown showed detached homes essentially flat and attached homes down 8 percent. Different segments told different stories, but the overall median held steady.
Why were attached homes down 8 percent year over year in November 2025?
The condo and townhome segment in Denver Metro had been cooling for most of 2025. HOA fee increases, insurance costs, and a glut of newer construction in the segment all pressured pricing. November 2025 was where the pressure showed up most clearly in the median number.
How much inventory was on the Denver Metro market in November 2025?
10,199 active listings, up 14 percent year over year. That was the highest active count of late 2025 and reflected the broader market normalization. Buyers had real selection compared to the same month a year earlier.
Was November a good time to buy in Littleton?
For buyers ready to commit, yes. The 14 percent year-over-year inventory bump gave buyers genuine choice. The 41 percent month-over-month drop in new listings meant the active pool was thinning, so the homes still listed in late November were either highly motivated sellers or homes that had been sitting too long. Both situations favored prepared buyers.
What is the median home price in Denver Metro in November 2025?
$584,000 across the 11-county Denver Metro footprint per REcolorado. That covers Adams, Arapahoe, Boulder, Broomfield, Clear Creek, Denver, Douglas, Elbert, Gilpin, Jefferson, and Park counties. Detached homes ran higher at $635,000 median. Attached homes ran lower at $400,000.
If you want my read on what these numbers mean for your specific zip code, your specific neighborhood, or your specific situation, call me at 303-210-6156 or reach me at karinjacoby.com.
A Littleton Colorado broker since 1999.