Nov 2025 Market Update: Cooling Sales, Warm Temps, Hot Market!

Cooling Season, Hot Temps, and Even Hotter Prices

It’s 79 degrees in November — a cooling season that doesn’t feel very cool at all. And while the weather can’t make up its mind, neither can the Denver real estate market.
Despite elevated inventory and slower sales, prices just hit an ALL-TIME HIGH of $740,000 across the metro area. Yes, you read that right. Prices are up 6.5% from last month and 3.7% year over year.

So what’s really going on? Let’s break it down.

A “Cooling” Market That’s Still Running Warm

Inventory has stabilized but remains elevated at about 14,000 homes for sale — nearly TRIPLE what we had in 2021. Buyers finally have options again, which is healthy. But even with that, prices aren’t dropping.
In October, only about 4,000 homes sold, meaning less than one-third of available listings are moving each month. That kind of absorption rate typically signals a buyer’s market. And yet… prices continue to rise.

The reason? This is not a crash. It’s a CORRECTION.
After years of rapid appreciation during the pandemic, we’re seeing the market find its long-term balance. And balance, as we know, never means stillness. It’s more like a slow, steady shift — leaning slightly one way, then the other — and right now, we’re leaning toward stability.

Why Prices Aren’t Dropping

Colorado continues to attract buyers for reasons that go far beyond the numbers. The quality of life, access to outdoor recreation, and strong job market keep our demand solid, even as affordability challenges persist.
People want to live here, and that underlying demand is what’s holding our market steady.

We’ve seen this pattern before. When interest rates first jumped, prices paused — but they didn’t crash. Buyers waited. Sellers adjusted. And then the market found a new rhythm.

Sellers: Patience Pays Off

If you’re selling, understand that timing and presentation matter more than ever. Median days on market are 33, and the average is 52. That means most homes are taking a month or more to go under contract — and that’s okay.
We’ve returned to a market where SKILL, STRATEGY, and PATIENCE truly make the difference. Now is the time to prepare thoughtfully, price realistically, and market beautifully.

If you’re considering listing in the spring, start preparing now. From staging and repairs to timing and pricing, every detail counts in a balanced market — and that’s where my experience helps you stand out.

Buyers: More Choices, More Strategy

For buyers, the shift brings breathing room. Elevated inventory means you can finally take the time to find the right home instead of rushing into bidding wars. But don’t mistake that for weakness in the market. Prices are still trending up, so waiting for a “crash” could mean missing your window of opportunity.

This is your chance to buy strategically — to negotiate fairly and build equity over time, rather than trying to time the market perfectly.

Let’s Stop Comparing and Start Deciding

The biggest message right now? STOP COMPARING this market to 2021. Those days are gone, and that’s okay. Comparison steals your clarity — and your ability to make decisions that fit the current reality.

This is not a market to fear. It’s one to understand.

If you’re curious what your buying or selling strategy should look like in this new normal — or you’re already planning for spring — let’s talk. I’d love to help you create a plan that’s clear, data-driven, and aligned with your goals.

Because even in a “cooling” season, opportunity is everywhere — especially here in Colorado.

Heather O’Leary
Your Colorado Homegirl | eXp Realty
Denver Metro Market | November 2025