How’s the Market in Summit County, CO?

How’s the market is such a common question real estate agents hear all of the time. Everybody wants to know how’s the market. If only there was an easy answer to that question. Sure, we can give an overview of what’s happening in the market. Things like the number of homes on the market has nearly doubled in the last 2 years. Or that cash sales have decreased in 2025, probably because more lower priced homes are selling. Or that our average sale price has fallen slightly while sales are up 12%. All of these things are true but do you really know how the market is?

Who’s asking?

How’s the market really depends who’s asking. If you own a multi-million dollar home in Breckenridge the market is going to be much different than if you own a condo in Wildernest. It will be much different again if you are looking to buy land or want a ski condo. The average days on market in the Highlands is 101 for the 6 homes that sold for at least $2.8 million this year. Compare that to the 300 average days on market to sell a Lake Forest condo in Frisco for well under $1 million. If you bought a Treehouse Condo in the last seven years you might be underwater on it but your Beaver Run Condo just hit peak prices last year.

It all requires a closer look

The FHFA just put out their statistics announcing home prices rose 2.9% from Q2 2024 to Q2 2025. The REALTORS® Confidence Index reports 21% of homes are still selling above list price. I saw an advertisement from a local real estate agent claiming 9% appreciation. This data is general and averaged. Odds are that none of these statistics are at all accurate for your specific property. And, in fact, the data may give an inaccurate assessment of your market.

So how’s the market?

Well, sales are up, prices are coming down and supply is up. Nearly 7% of homes are selling for more than list price but we are having other homes stay on the market for much longer than we’ve seen in years. The market is all over the place and it very much depends on your market segment & point of view. Take all the information you hear about the market with a grain of salt. One thing is certain, however, we are in a changing market, which means we can experience a little bit of everything. It’s important to talk to a local real estate agent, like us, that can dig into your hyper-local area. Providing additional information will give you a much more personal answer to the question how’s the market.

The stats

The above information was compiled from data pulled from the Summit County Multiple Listing Service. It is deemed reliable but is not guaranteed to be accurate.

• The number of residential homes on the market in Summit County, Colorado on August 12, 2025 was 905. It was 721 on August 13, 2024 and 455 on August 18, 2023.
• Cash sales from January 1, 2025 through July 31, 2025 equaled 38.7% of residential sales. That same period in 2024 had 45% cash sales.
• The average sale price for all residential sales Jan 1 to July 31, 2025 was $1,370,096. That’s down 1.6% when compared to the same period in 2024 when the average was $1,392,773. Residential sales during the same periods were 731 in 2025 and 651 in 2024, a 12.3% increase this year.
• The average days on market statistics in the Highlands at Breck is for all neighborhoods that make up the HIghlands area and looks at residential sales year to date.
• The average days on market statistics for Lake Forest in Frisco is for the two 2 bedroom sales that closed year to date in 2025.
• Treehouse sales information are averages for two bedroom, two bath sales that closed in each year. 2025 sales average $293,750 with a median sales price of $300,000. Averages have not been that low since 2017 when the average was $276,556 and the median $270,000.
• Beaver Run information is based on two bedroom, two bath condo sales that happened during each year. Both average and median sales prices are the highest in 2024 at $938,250. However, there were only two sales that year. Averages and medians have been in that same vicinity since 2022. Year to date in 2025, the average sale price has dropped to $895,832 and median $884,995 with six sales.
• 57 residential properties sold in 2025 year to date for higher than the most recent list price. That is 6.8% of the residential sales. There is no information to know if those higher sale prices were attributed to upgrades on new construction, multiple offers that created bidding wars, or any other reasons.