April 2025 Summit County Market Update: Inventory Surge Creates Opportunity
As we step into the heart of spring, the Summit County real estate market is showing signs of a significant shift, one that favors buyers more than we’ve seen in recent years.
Inventory Climbs to Unprecedented Levels
Active listing inventory is up 42% compared to April 2024, which itself was already 51% higher than April 2023. That’s nearly a doubling of available inventory over the past two years. For the first time since before COVID-19, buyers have a wider variety of properties to choose from across price points, styles, and locations.
In fact, today’s inventory has already surpassed pre-COVID 2019 levels and we haven’t even hit the summer peak. Traditionally, Summit County’s housing inventory builds through spring and hits its high point in mid-August. This has many watching closely to see if 2025 will mark the full return to pre-pandemic norms.
Pricing: Still Climbing, But More Negotiable
While demand remains steady, price growth is slowing to a more sustainable pace. The average Summit County residntial real estate sales price rose 7% year-over-year to $1,525,904, but the average price per square foot dipped 4% to $796.
Additionally, buyers are gaining more room to negotiate:
List-to-Sold Price Ratio: 97% (down 1 percentage point from last year)
Average Days on Market: 72 (up 21 days)
These numbers indicate that while homes are still selling, they’re taking longer and selling slightly below asking price more often, a notable change from the frenzied post-COVID market.
Closings Hold Steady
Despite inventory increases and a slight softening in pricing pressure, closings are up 1% compared to April 2024, with 349 properties sold. This reflects a steady stream of buyer activity, particularly among those who are watching the market closely and ready to act when the right opportunity arises.
Key Takeaways for Buyers and Sellers
For Buyers:
You now have more leverage than you’ve had in years. More listings mean more options, less pressure, and potentially better deals, especially for properties that have been on the market longer.
For Sellers:
This is a critical moment to price your property accurately and present it well. With more competition, strategic marketing and listing prep can be the difference between sitting or selling.
Wondering Where the Market is Headed? Let’s Chat.
If you’re considering buying or selling in Summit County this year, we’d love to help you navigate the evolving landscape. From Breckenridge to Frisco, Keystone to Silverthorne, we’re keeping a close eye on inventory levels, buyer behavior, and pricing trends to give you the edge in any market.
📱 Call or Text: (970) 977-7963
📧 Email: anna@buybreck.com
🌐 Visit: www.BuyBreck.com
