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The Number Of Properties For Sale Is Climbing… And So Are Prices

InventoryTrends2As we head into summer,  it is typical for the number of properties on the market to increase.  The ski areas have closed, seasonal rentals are done so it’s time for those interested in selling to get their properties ready and put them on the market.  This year is no different in that respect.

Since mid-April, when most ski areas closed, we have had 364 properties come on the market.  But with properties going under contract and selling, only 108 properties were added to our inventory.  Last year new listings were close to the same amount, 370 properties.  However, that increase added 192 more listings our total inventory. Even though the number of properties coming on the market was about the same, they weren’t being absorbed as quickly.

This year inventory levels are down 27% from the same time in 2014 and a whopping 56% below 2009 numbers.  It’s the same old story around Summit County; decreasing inventory and increasing sales.  We are just now coming to the point where this combination is having a significant impact on property pricing.  Some areas in the county are poised to surpass the prices we saw during the peak of our market during this year’s selling season.

The graph shows the correlation between properties on the market and those under contract.  The improving market can be seen by the narrowing gap between the pending and active properties.

Posted in: Market Statistics Tagged: Inventory

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About Us

Mountain Living Real Estate, a.k.a. The Mountain Living Team, is a family owned, second generation, real estate company that has been helping buyers and sellers in Summit County since the early 90’s.  Mountain Living Real Estate is committed to going above and beyond to ensure their clients have the most amazing real estate experience possible.  Jason & Meredith take a personal approach to educate their clients, empowering them to make high quality decisions no matter the situation.  They take exceptional care throughout the sales process and beyond; striving to make each client’s path in Summit County one filled with fun, excitement & great memories.

Work with Mountain Living Real Estate and you’ll understand why so many people say, “We Love Mountain Living!”

Testimonials

The help we received was very good. You always followed thru. You have helped us with two transactions and we would definitely use Mountain Living Co. again.

John & Darrelyn from Boulder August 27, 2024

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10. Most impressed with their knowledge of how to handle certain buyers.

Krissy from Virginia April 16, 2024

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Jason and Meredith Adams

Jason & Meredith Adams
Mountain Living Real Estate

101 Main St, #109, PO Box 4115 Frisco, CO 80443

(888) 666-0844
team@mountain-living.com

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Jason & Meredith Adams are both licensed to sell real estate in the state of Colorado

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