The June 2022 Summit and Park County Real Estate Market Report is available and it’s showing some interesting data. Interest rates continue to vary, and the mountain home market is still moving as we are seeing increased inventory above levels that were present over the past two years and more price reductions on active listings. This new trend is indicating that the market is starting to lean towards a buyer’s market in some areas.
The Summit and Park County real estate market for June 2022 vs June 2021 shows the following trends
Single Family Homes
· Sold Listings: -36.7%
· Average Days on Market: -26.3%
· New Listings: +6.4%
· Median Sales Price: +32.5%
· Inventory of Homes: +60.4%
· Sold Listings: -47.5%
· Average Days on Market: -38.1%
· New Listings: -17.4%
· Median Sales Price: +18.0%
· Inventory of Homes: +17.4%
The Park County Single Family Homes market trends are noted below.
· Sold Listings: -54.5%
· Average Days on Market: -24.1%
· New Listings: +1.7%
· Median Sales Price: +7.5%
· Inventory of Homes: +91.5%
How Can We Help?
We hope that you’ve found this June 2022 Summit & Park County Real Estate Market Report informative. If you need buying or selling guidance or help in the Summit or Park County area please reach out! We will also continue to provide you with relevant and up-to-date information here on our blog.
If you would like more information on how the Summit and Park County real estate market is doing, you can also sign up for our detailed monthly market report by clicking this link.