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The latest data from REcolorado, the provider of REcolorado.com, a free home search site for Colorado home buyers, sellers, and renters, show the housing market slowing down across the Greater Denver Metro Area. Fewer new homes for sale came on the market as the holiday season and end of the year approaches. 

View the November 2017 REcolorado Market Watch Video.

Download the November 2017 REcolorado Market Watch Infographic. 

Download the November 2017 Detailed Market Watch Report.

November 2017 Denver Metro Home Sales 

Home Sales

In November, 4,035 homes sold in the Greater Denver Metro area, a seasonal decrease of 14% compared to last month and 8% less than November 2016. As compared to last year, sales of single-family detached homes decreased 9% and sales of condos/townhomes decreased 4%. Home sales typically take a break in November as the holiday season draws near. 

Home Sales Monthly Change

November 2017 -- 4,035
October 2017 -- 4,676

November 2017 Denver Metro Average Sold Price

Sold Prices

The price of a Denver home saw a slight month-over-month decrease. In November, 4,035 the average price of a single family home was $429,006, down 1% from last month, but 9% higher than last year at this time. The average price of a single family detached home is up 9% year-over-year, and the average sold price of a condo/townhome is 11% higher than this time last year. 

Sold Prices Monthly Change

November 2017 -- $429,006
October 2017 -- $434,706

November 2017 Denver Metro New Listings

New and Active Listings

The number of new home listings typcially drops off in November, as the weather cools and thoughts turn to preparing for the holiday season. In November, 3,367 new listings came on the market, a typical slowing of 24% compared to last month and 1% lower than last year at this time. The month ended with 4,090 active listings of homes for sale, 24% lower than October levels.  

Active Listings Monthly Change

November 2017 -- 4,090
October 2017 -- 5,283

New Listings Monthly Change

November 2017 -- 3,367
October 2017 -- 4,414

November 2017 Average Days on Market Denver

Average Days on Market

On average, homes spent 32 days on the market in November, 2 days longer than both this time last month and this time last year. The median amount of time a home spent on the market was unchanged from last year, at 13 days. Homes sold the quickest in Adams and Arapahoe Counties, where average sale prices were in the $300,000 range. 

Days on Market Monthly Change

November 2017 -- 32 days
October 2017 -- 30 days
+ 2 days 

November 2017 Home Sales by Price Range

The Greater Denver Metro Market by Price Range

In November, nearly half of all sales took place in the $300-500,000 price range. Just 5 years ago, this price range comprised only 21% of November sales. The $300-500,000 price range also saw the most new listings come on the market. Homes in the $150-300,000 price range spent the least amount of time on the market.  

November 2017 New Listings by Price Range

November 2017 Days on Market by Price Range

About REcolorado

Since 1984, REcolorado has been focused on providing the most accurate and up-to-date real estate information for professionals and consumers. Updated continually with new and sold listings and powered by the state’s largest network of real estate professionals, REcolorado.com is Colorado’s most accurate home search website. REcolorado.com also offers consumers mortgage resources, information about Colorado neighborhoods and cities, sold listings, open houses, and a comprehensive database of real estate professionals.

REcolorado is the largest Multiple Listing Service (MLS) in Colorado with more than 21,000 professional members who operate throughout the state. It is REALTOR® owned and serves Aurora Association of REALTORS®,  Denver Metro Association of REALTORS®Mountain Metro Association of REALTORS®REALTORS® of Central Coloradoand South Metro Denver REALTOR® AssociationContact a REALTOR for accurate information about your property and neighborhood.