Buyers Gain the Upper Hand as Colorado Housing Inventory Lingers
Colorado’s housing market is shifting as inventory levels reach their highest point in more than a decade. Data from July shows that listings continue to rise, giving buyers more leverage and signaling a gradual move toward a buyer’s market.
Home prices dipped slightly across the state. The median price for a single-family home declined just over 1% to $590,000, while condos and townhomes fell 1.2% to $400,000. Despite these decreases, single-family homes remain slightly more expensive than they were a year ago.
Inventory growth has been steady, with active listings climbing to more than 33,000 in July, nearly 23% higher than last year. This increase is tied to slower sales as high interest rates and economic pressures weigh on buyers. On average, homes spent 53 days on the market in July, a 15% jump from 2024.
Fewer homes are selling at full price, with sellers offering more concessions. Single-family homes sold for an average of 98.7% of list price, and condos and townhomes averaged 98.3%.
Regional markets reflected similar patterns:
Western Slope: Grand County saw higher inventory, particularly in single-family homes. Prices there dropped significantly, with the median at $747,000, down more than 17% year-over-year.
Routt County: Listings in Steamboat Springs increased, with median single-family home prices falling nearly 8% to just under $2 million. Multi-family listings rose sharply, though sales slowed.
Summit and Park Counties: Sales climbed 9%, and prices inched upward. Single-family homes averaged $2.1 million in July, with luxury sales over $10 million increasing dramatically.
Eagle County: Sales trends varied by property type. Single-family and duplex sales rose, while townhome and condo sales fell. Overall inventory reached its highest point since the pandemic.
Across much of Colorado, more inventory means buyers have a wider selection and greater negotiating power. Properties in less desirable condition or locations are lingering, while well-priced and high-demand homes continue to move quickly.
By: Andrea Teres-MartinezI The Aspen Times I August 20, 2025
Photo: Matt Stensland/Steamboat Pilot