Overall, Grand County showed a strong price appreciation for single family homes YOY for August, at +21.4%. However there was also a significant change in closed sales, going from 46 in August 2022 to 31 in August 2023. At the same time, inventory increased by about 15%, and with 248 homes for sale and 31 selling per month, there’s about 8 months of inventory currently on the market, officially making it a more buyer friendly market, although the interest rates remain a barrier.

Percentage-wise, the inventory change for condos and townhomes was about the same as for single family homes, but there was less of a decrease in number of closed sales, going from 41 to 36 YOY. The average sales price for attached homes increased by 7.1%.

The above stats are for Grand County overall, but there are some stark differences between areas – if you would like information on a specific area or neighborhood, please let me know!