Uncategorized December 19, 2023

November 2023 Denver Market Overview | ‘Tis the Season

Home buying activity has continued to see typical seasonal decreases as we have approached the Winter months. Closings were down when looking both year over year and also month to month comparisons.  Homes are staying on the market longer as buyers carefully weigh decisions.


Home buyers in November 2023, executed contracts on more homes (3% more) than last year.  The number of listings currently pending sale, which is a leading indicator of housing activity, was 3% higher than we saw last year


Bullet points with November stats:

~ The median sold price for single family homes (including attached and detached) in November is $565,250 which shows a slight decrease of 2.71% from last month (October) and an incredibly slight increase of .10% from last year.

~ The average number of days on MLS in November 2023 was 38 days, which shows a 18.75% increase from last month (October) and a 11.76%  increase from last year in November.

~ Active listings at month end are 6684.  This shows a 10.67% decrease from last month (October) and a 6.89% increase from last year in November.

~ Average active listings in November are 14,755 (from 1985-2022).  The record high November was in 2006 with 27,530 and the record low was in 2021 with 2248.  November 2023 shows active listings at month end of 6684.


Please reach out with any questions.  I am happy to help.


If you have any questions or would like to discuss selling or purchasing a property, contact me today at 303-949-9683 or Amy@MountainTimeRealEstate.com .


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