Summit County Real Estate Market Update – July 2025

The market year to date is fairly consistent with last year as far as sales volume, but we anticipate the year end statistics will reflect the softening we are feeling.

Summit County has a consistent peak for new listings in June (the most listings added in June) and peak for properties under contract in October. So we are at the point in the season where there is a lot on the market to choose from, and buyers have options. In the last 60 days, we’ve seen double the number of properties listed v. those that went under contract in Breckenridge.

When we look at pricing, single family homes are seeing a decrease in prices while condos are staying relatively flat.

One big change in the market is price drops. We haven’t seen much seller incentive to reduce prices in the last 5 years, but this season is indicating a change. We saw 377 properties reduce the price in July, and we’re seeing almost half of all listings have had price drops. This is a sign that the comparable pricing from previous years is not reflective of the current market as a whole.

So, what does this mean for sellers? Continue to have your listing picture perfect and know that it may take more time to sell, even through October’s peak. Every showing is important.

And for buyers, you have lots of options to choose from, and you have opportunities to negotiate. There is opportunity to get good deals, potential for rate buy down credits, or other terms that favor you. We are recommending our buyers put in offers on properties they like, even if they are low. Many sellers want offers.