While Eagle County’s real estate market has slowed from the land-rush days of 2021 and 2022, the market is still headed toward its third consecutive year of more than $3 billion in sales. This year’s sales and dollar volume through the end of September are on a similar track to numbers posted in 2023, which marked a slowdown from the fast-paced markets of 2021 and 2022. Matt Fitzgerald, the Eagle County Employing Broker for Slifer Smith & Frampton Real Estate, said demand has remained “healthy,” particularly in the luxury market.
That’s due to the strength of the country’s stock market. Source: Land Title Guarantee Company. On the other hand, Fitzgerald noted that inventory has never picked back up in the wake of the high demand of the COVID-19 pandemic.
The current inventory in the county’s Multiple Listing Service is in the high 300s to low 400s, Fitzgerald said. That represents just more than four months of inventory, he added. Conventional wisdom holds that six months of inventory is “balanced” between a buyer’s and seller’s market.
While the market leans somewhat toward sellers, that doesn’t mean those sellers can always get what they demand. Stephanie Hart, a broker with LIV Sotheby’s International Realty, noted that the current time on the market for homes is 68 days. Hart said sellers who need to move their homes quickly may need to look at their asking prices.
On the other hand, units in high demand will still move quickly. Hart this summer .