|A LOOK AT THE MARKET!
Moving deeper into the winter and holiday season led to home prices and the volume of sales decreasing while the number of days listings spent on the market increased.
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The median price for detached, single-family homes came in at $615,000 in November. That's less than 1% below the October median price of $622,490. So, why arent we seeing major price drops despite higher mortgage rates? Inventory.
In fact, just 1,862 detached homes came on the Denver real estate market in November, down around 30% compared to both the prior month and year.