Statewide Trends
According to the Colorado Association of Realtors’ June Market Trends Report, active listings surged to 33,287 statewide, a 22.6% increase from June 2024. This is largely attributed to slower closings in metro areas, as buyers remain cautious amid high interest rates and affordability challenges.
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New Listings: Down 11.2% for single-family homes and 14.2% for condos compared to May.
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Sold Listings: Down 2% statewide.
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Inventory Supply: Rose to 4.7 months—levels not seen since 2013.
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Days on Market: Increased by over 18%, meaning homes are taking longer to sell.
While the statewide median sales price held steady at $560,000 (flat compared to 2024), buyers now have greater leverage and more choice than at any point in the past decade.
County-by-County Highlights
Eagle County
June typically marks the start of the busy selling season, and while overall sales volume year-to-date is down, new listings are up 21% and active inventory is up 43%. The county now has an 8.6-month supply of homes, the highest in years, giving buyers significantly more selection.
Routt County
Steamboat Springs continues to see higher prices compared to past years, but inventory is climbing. Sellers are receiving around 97% of list price, with single-family homes up 3% in median price year-to-date.
Summit County
Inventory rose 32% year-over-year, with nearly 874 listings on the market—over half priced above $1 million. Luxury homes between $5–$10 million are seeing the strongest activity, but average days on market for single-family homes have increased by 75%, with prices down 16% compared to 2024.
Pitkin County (Aspen)
Aspen bucks the trend with prices remaining strong. Single-family homes are selling for over $3,500 per square foot, double what they were just five years ago. Despite higher inventory in some segments, buyers remain active and luxury pricing shows no signs of slowing.
What This Means for Buyers and Sellers
For the first time in years, buyers across Colorado are seeing leverage shift in their favor. Increased inventory means more choice and greater negotiating power, while sellers may need to adjust strategies, offer concessions, or be prepared for longer days on market.
In areas like Eagle and Summit counties, the expanded inventory opens the door for buyers who’ve been waiting for more options, while Aspen remains a unique exception where demand continues to outpace supply at the ultra-luxury level.
Final Thoughts
The Colorado housing market is in transition. With interest rates still shaping buyer behavior and inventory at record highs in some counties, 2025 could mark a turning point—especially for buyers who’ve been waiting on the sidelines. Sellers, on the other hand, may need to rethink pricing and timing strategies in the months ahead.
Original reporting by Andrea Teres-Martinez, Vail Daily.
