The Vail Valley had a significant price decrease of -31.3% YOY for May for single family homes and duplexes, and -22.8% decrease in closed sales. At the same time, inventory increased by 7.1%. The demand for large single family homes we experienced during covid seems to have changed.

Townhomes and condos in the Vail Valley continued to appreciate YOY, increasing 9.5% from May 2022. However, there was a large drop in closed sales from 71 in May 2022 to 27 in May of this year, but that does not seem to correlate with inventory as that only dropped by -6.1% during the same time.