A Look Back at The First Month of Summer: Market Update

In the last two weeks of June, our market saw 142 new listings, 72 new pending sales, and 48 closed sales. People are in town, and if the price is right, buyers are buying! Although percent of list to sold price is down year-over-year, the median list price to sales price average over the second half of June was up a full percentage point to 99.3%. Our market is adjusting to the new lay of the land. If you're thinking about buying a mountain property, you have finally regained the flexibility and 'room to breath' that a balanced market provides. Options are back! Selling will require a bit more strategy, marketing, and time than it has over the last three years, but equity remains historically high. If you're thinking about selling, your property may be worth more than you think it is.

No matter what your real estate goals are, the economic state of 2023 can be tricky to navigate.  On top of that, the Summit Area remains its own microclimate; more insulated from external economic forces than most real estate markets. We always talk about the importance of working with a true local expert, and this is why. We are confident our expertise will get our clients the results they deserve, so keep our contact info handy the next time a question about the Summit Area market comes up!