In November, home prices fell slightly from the month before, with a median listing price of $546,000.
The number of listings on the market shrank 9.4% from last month, which is a smaller decrease than normal for this time of the year in Denver, and homes are also selling slower than at the same time last year.
Home prices in Denver
Typically, home price per square foot in Denver tend to rise in November. But the most recent data shows that the price per square foot decreased by 0.2% compared with the month before.
So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 1.2%, which means price changes in the Mile High City are smaller the national market.
Denver inventory
In November, there were 3,189 homes for sale in Denver, which was 9.4% less than the month before and 10.9% more than the same time last year.
Meanwhile, active inventory across the nation fell by 2.5% from last month to 1,072,266.
Time on market
Homes in Denver take an average of 67 days to sell, according to November figures.
This is three days more than the previous month and four days more than the same month last year.
For comparison, nationally homes spent an average of 64 days on the market in November.
Use the Realtor.com data portal to get more market data, broken down by state, metro or ZIP code.
* Here’s a live look at popular listings and recent home sales in Denver, CO.