Denver Home Prices Down in November

"In November, home prices fell slightly from the month before, with a median listing price of $546,000."

"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."

"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. 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."

Denver median listing price was $546,000 in November, down slightly from the prior month. Listings on the market fell 9.4% month‑over‑month while active inventory totaled 3,189 homes, 10.9% higher than a year earlier. Price per square foot in Denver declined 0.2% month‑over‑month, versus a 1.2% national decline. Homes in Denver averaged 67 days on market in November, three days longer than the previous month and four days longer than a year earlier. Nationally, active inventory fell 2.5% to 1,072,266 and the national average days on market was 64 in November.

Read at SFGATE