In this November 2025 market update, Michael Rush reports that demand across Colorado Front Range counties has risen steadily by roughly 3%‑10% year‑over‑year, while inventory sits at a healthy 3.4‑4 months—levels comparable to 2019. Single‑family detached homes show modest average price appreciation, but median prices have slipped because a larger share of transactions involve lower‑priced homes; luxury properties keep the average price buoyant. Attached condos and townhomes are generally declining in price, with the notable exception of Boulder where they are rising due to a gap between detached and attached home values. Days on market have lengthened to about 50 days, reflecting the modest inventory increase. After a recent government shutdown, interest rates have eased slightly, spurring market activity. Rush anticipates a faster‑than‑usual spring market, potentially kicking off in February‑March, contingent on interest‑rate trends and the jobs market. He closes with Thanksgiving well‑wishes.
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What's up everybody, Michael Rush here, your Colorado real estate guide, bringing you a market update for November 2025. Now this is a market update for Colorado along the Colorado Front Range, and we've been seeing pretty steady demand increases in all of our counties between about 3% to 10% across the board. We also have about 3.4 to 4 months of inventory, which is a very healthy kind of place for it to be sitting at. The market is more like it was in kind 2019, and it's definitely calmed down, and prices are coming down a little but not much. We're seeing slight appreciation numbers on single-family detached homes, which we've been seeing, especially for the average numbers. We have been seeing more decreases on the median side of things, which just goes to show that more transactions on the lower-priced inventory are happening, which is kind of bringing that median price down. But there are still nicer kind of luxury homes at that higher end that is kind of pulling that average up still. We have been We've been seeing more price decreases to attached condos and townhomes pretty much across the board, except for in Boulder where the attached condos and townhomes are actually both kind of going up in price because of that gap between the detached single-family homes and those attached condos and townhomes. Other than that, we've been seeing very seasonal trends in our market. You know, our days on market have increased. We're seeing about an average of 50 days right now. which is higher than the last couple years, but that's because the inventory has increased a bit and it's honestly a healthier market in that regard. We are seeing increases in the market activity after the government shutdown. Interest rates are coming down a little bit as well, so that's kind of stimulating the market a bit. We'll see how the holidays affect things. Typically we have a slowdown in this time and that trend is going to continue, but depending on where interest rates land, I think we are going to have an uptick in the spring market and I think it's going to be earlier than most years. And I think that's going to be starting, you know, closer to that February, March timeframe is when people are going to be getting ready to put their houses on the market. Very much depends on interest rate, depends on the jobs market, so many things, but I think it's going to be a good spring. So anyways, I hope you all have a wonderful Thanksgiving, great time with your family. I have so many things to be grateful for, and I'm thankful for all of you. And take care, and I'll see you on the next one.