Denver’s Dry November Market: No Snow, No Slump, No Signs of Slowing

Dry November usually means cutting out cocktails — and yes, that takes grit.
But this year, Denver’s housing market seems to be flexing its own version of resilience. In a no-snow November with 70-degree days and bluebird skies, the real estate stats are telling a story that might surprise you.

If you’re thinking about making a move in 2026, this is the perfect moment to start planning. 

Seasonal Slowdown? Yes. Weak Market? Not Even Close.

Every year, sellers pull their homes off the market for the holidays, and naturally, inventory drops. This November was no different — inventory dipped 16% from October.

But here’s the twist: even with that decline, inventory is still unusually high for this time of year.

• Every single month of 2025 has had more homes for sale than any month in the past 13 years.

• And yet… when we zoom out, the picture looks surprisingly normal.

  • The long-term November average (1985–2024) is 13,000 active listings.

  • Right now, we’re sitting at 11,680.

So while it feels like a lot of homes are on the market, historically speaking, we’re actually right in line.

Prices Should Be Falling… But They Aren’t

Typically, more inventory equals downward pressure on prices.

Not this year.

November’s average Denver home price was $720,000 — just 3% below our all-time peak in June and still up 2% year over year.

This is what resilience looks like.

Buyers may have more choices, but sellers are holding strong. Seasonal cooling is happening, but the underlying market remains powerful.

Buyers Are Quietly Winning Right Now

If you’re thinking about buying before the spring rush, this is your opportunity window.

• 60% of buyers in November received seller concessions

• The average concession was $7,500, but many buyers negotiated far more

• Elevated inventory gives buyers leverage without triggering falling prices

And yes… I regularly negotiate larger concessions for my clients (especially on rate buydowns), so don’t be shy about asking.

Why Denver Stays Strong

Even when affordability is tight and inventory rises, Denver continues to attract long-term demand. Why?

• Our weather is absurdly good — 79 degrees in November and skiing 45 minutes away

• Our outdoor lifestyle is unmatched

• Our economy remains solid

• People want to live here

Homeowners are also holding their properties longer — the current average is 11 years, and climbing — which means they’re sitting on significant equity. In fact, the average homeowner has gained $140,000 in equity over the past five years.

If you’re thinking about selling, protecting that equity is everything. That’s why my tiered listing services focus on exactly what you need — plus top-tier marketing that showcases your home as part of the Colorado lifestyle buyers crave.

The Bottom Line: This Isn’t a Crash — It’s a Correction

The soaring COVID-era appreciation is behind us (and yes, we’re done talking about it). What we’re seeing now is a long-term market reset — not a downturn.

Denver isn’t cooling. It’s normalizing.

And that’s not just okay… it’s healthy.

Sellers need patience, strategy, and strong presentation.
Buyers need clarity, timing, and negotiation power.
And everyone needs to stop waiting for the past and start making decisions based on what the data is showing today.

If you're planning a move in 2026 — or even just starting to dream about one — now is the perfect time to talk strategy.

I’d love to guide you, answer your questions, and help you navigate your next move with confidence.