Historical Report Disclaimer: This report reflects Denver housing market data for November 2020. For the most recent trends, inventory updates, and mortgage rate analysis as of March 2026, please visit our Current Denver Real Estate Market Report.
Denver Housing Market Statistics: Nov 2020 at a Glance
How the November 2020 Denver Market Compares to Today (March 2026)
The Denver real estate landscape has shifted significantly since this report was first published. In November 2020, the market was defined by “unorthodox low” mortgage rates (often sub-3%) and a record-low inventory of just 3,415 active listings.
- Price Growth: Average single-family home prices have climbed significantly from the $615,766 reported here, reflecting sustained demand for Denver Metro property over the last five years.
- Inventory Changes: While 2020 saw extreme scarcity, the 2026 market offers more breathing room for buyers, with inventory levels often doubling the record lows seen during the pandemic peak.
- Mortgage Rates: The “unorthodox” lows of 2020 have transitioned into a higher-rate environment (typically 6-7%), shifting the focus from bidding wars to strategic financing and seller concessions.
If you are navigating today’s market, connect with an expert Denver real estate agent who understands these historical cycles.
Suburban Denver Real Estate Trends
November 2020 saw a continued exacerbation of the records already set in motion earlier this year. Days on market (the amount of time a home sits on the market before going under contract) decreased dramatically, prices increased 13 percent from last year, and the number of active listings dropped to a record-setting 3,415.
Across the country, we are seeing unorthodox low mortgage rates drive an unrestrained amount of demand. Pending home sales did fall a slight 1.1 percent month over month nationally but were up 20.2% year over year, and in Denver they also fell by a little more than 1,000 month over month but were up from last year. Seasonality, buyer burnout due to lack of inventory, and rising prices all play a role in the number of pending homes decreasing.
The average close price of all homes (attached and detached) in November 2020 was $549,756, up 13.12 percent from November 2019. The average close price of single-family detached homes alone jumped an even higher 15.51 percent to $615,766.
