Denver November 2023 Real Estate Market Updates
Stay informed and make sound investment decisions with our comprehensive analysis of the latest November 2023 real estate market updates in Denver, Colorado.


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Colorado Springs Real Estate Market Updates- November 2023

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Denver Market Stats and Observations for November 2023

ACTIVE LISTINGS

  • 6,700 currently
  • Down 11% from Oct ’23 (about a normal seasonal decline)
  • Up 7% from this time last year
  • The number of new listings in Nov ’23 was up +1% from Nov ‘22

PENDING

  • 2,700 currently
  • Down 10% from Oct ’23 (about a normal seasonal decline)
  • Up 4% from this time last year
  • The number of new pending in Nov ’23 was up +4% from Nov ‘22
  • An initial good sign for building inventory.

CLOSED

  • 2,660 this month
  • Down 16% from Oct ’23 (about a normal seasonal decline)
  • Down 14% from this time last year

AVERAGE PRICE

  • $660K average
  • Down 3% from Oct ’23 (about a normal seasonal decline)
  • Up 0.4% from this time last year
  • Stable pricing

DAYS ON MARKET

  • 38 currently
  • 34 days last year
  • Increasing a little ,but generally stable.

DISCOUNTS

  • 1.5% now vs. 1.7% this time last year.

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Authors
Chris Lopez
Chris Lopez is a Denver area real estate entrepreneur and investor, as well as the host of Bigger Pockets’ House Hackerz and the Denver Real Estate Investing Podcast.
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