Heather Woodward Realtor

September 2024 – Market Trends

According to data gathered by Colorado Real Estate Network:

September 2024

The Gunnison County real estate market saw an uptick in inventory in September when compared to last year at this time. Active listings increased by 8% YoY and months supply of inventory also increased by 9% YoY to 8.2 months. Homes moved quicker, spending an average of 116 days on market, a 25% decrease from 2023 and a decrease of 17% when compared to August. Demand was up slightly with pending listings increasing by 15% YoY to 39 listings.

The average prices of both single-family homes and condos rose both MoM and YoY, with condos experiencing the largest increase—a 36% jump YoY.

Key highlights are below.

ACTIVE LISTINGS

250 New Listings
⬆ 8.2% Compared to Last Year

NEW LISTINGS

36 New Listings
⬇ 10 % Compared to Last Year

PENDING LISTINGS

39 Pending Sales
⬆ 14 .7% From last year

MONTHLY SUPPLY

8.2 MONTHLY SUPPLY
⬆ 9. 3% From last year

PERCENT OF CLOSED PRICE TO LIST PRICE

96.2% CLOSED TO LIST
⬇ 1.7% From last year

 

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