I have been saying that this summer is going to tell the tale of market conditions. The market has shifted, and it happened relatively quickly. Summer is the season for new listings, and boy did we get new listings! As of July we had 731, a number that we haven’t seen...
Last month I promised a full market report, and here it is. Overall spoiler is that buyer activity is slower and inventory is increasing. Buyers have more choices than ever before. Sellers need to be competitive to be the next property to sell. Sales Last month in...
Same old story here. Pricing is really holding steady. Average sales price (trailing 12 months) is up slightly in March from $1.291m in February to $1.309 in March. March only had 84 sold residential listings, down from 95 in February. This is a little...
I am still surprised at the resiliency of the pricing in our market. Resort markets like ours are holding strong because of the desirability of the location and amenities, which keep demand very high. With high demand, the competition keeps the pricing competitive,...
Here is how the market is faring for all Summit County residential real estate. Sold Listings December 2023 saw a total of 94 closings which is the least it has been since 2015, which is as far back as the software data goes. Historical number of sales in December:...
