#United States #Denver #Home Sales #housing report #REMAX

November 2025 National Housing Report

In November 2025, the American housing market experienced the seasonal cooling typically seen this time of year. The REMAX National Housing Report has detailed several key trends, highlighting a reduction in new listings and home sales compared to October, even as inventory levels remained high. This shift signals a standard cyclical adjustment as the year draws to a close.

Inventory and Listings

November marked a 5.5% decrease in home supply from October, but the year-over-year inventory was still significantly up by 14.5%. This rise in inventory has now continued for 23 consecutive months, a trend that started in January 2024. Among the 51 metro areas surveyed, new listings plunged by 30.7% from October, the steepest drop across various metrics. Furthermore, year-over-year, the count of new listings fell by 8.3%, illustrating a tightening of market activity.

In terms of specific markets, locations such as Dover, DE, and Trenton, NJ, saw some of the largest year-over-year declines in new listings, with drops of -48.6% and -48.3%, respectively. Conversely, some areas have bucked the trend, with Bozeman, MT, witnessing a significant increase of 21.8%.

Home Sales Trends

The sales figures further reflected the anticipated seasonal slowdown, with home sales falling 18.5% from October to November. Compared to November 2024, there was a decline of 4.7%. This can be attributed to many factors, including interest rate impacts and typical seasonal behavior, which often leads to reduced market activity as the year closes.

The median sales price in November stood at $438,000, marking a 1.7% increase since the same month last year and illustrating a continuous growth streak that has persisted for nearly 30 months since July 2023. However, it did represent a 1.5% fallback from October prices, hinting at a temporary softening even amid overall price growth. Erik Carlson, CEO of REMAX, highlighted the resilient nature of the current market, stating, “Inventory has continued to grow as prices have remained steady, pointing to a resilient market for both buyers and sellers,” emphasizing that there remains ample opportunity for buyers and sellers to navigate the market effectively with professional assistance from REMAX agents.

Days on Market and Seller Dynamics

The average time for homes being on the market increased to 54 days in November, highlighting a slow but steady trend towards longer selling periods when compared to 47 days from the previous year and 50 days in October. As for seller dynamics, they are receiving an average of 98% of their asking price, slightly down from last year but consistent with the previous month.

The markets of Seattle experienced a larger-than-usual drop in home prices, with November figures showing a decline to $700,000 from $740,000 in October, hinting at significant shifts within this already transformative market.

Conclusion

The REMAX National Housing Report showcases the expected but noteworthy seasonal adjustments of the housing market, prompting buyers and sellers to consider their options carefully as the year approaches its close. This snapshot reveals both areas of concern and continued resilience, through factors such as inventory growth amidst demand fluctuations. As the landscape adjusts heading into a new year, it's clear that opportunities still abound for those looking to make informed real estate decisions.

About REMAX

REMAX, LLC, founded in 1973, is a global leader in real estate franchising with a broad network of agents. With a mission driven towards community engagement and service, REMAX is recognized for its high transaction sides worldwide. For ongoing information and tips in navigating the housing market, one can visit their website.