The Gunnison County housing market continued to shift in May, showing a blend of increasing inventory, strong buyer demand, and a slight cooling in home prices. Year-over-year, both single-family homes and condo prices saw a decline, signaling a potential shift toward a more balanced market after several years of price growth.
Key highlights are below.
Active inventory rose 26.9% compared to April and increased 9.5% year-over-year, with 231 homes on the market versus 211 at the same time last year.
Sellers brought 98 new properties to the market in May, more than double the 47 listed in April and up 50.8% from May 2024.
A total of 37 properties went under contract in May, marking a 48% increase from April and a 42.3% jump compared to the same time last year when 26 homes went pending.
The months supply of inventory reached 7.2 months in May, rising 24.1% from the previous month and up from 6.9 months in May 2024, suggesting a market leaning more toward balance.
The average sale-to-list price ratio dropped slightly to 97.3%, down 1.7% from April and 0.6% lower than in May of last year, indicating a small softening in pricing power for sellers.
Overall, the Gunnison County real estate market is seeing a return to a more normalized pace. Increased inventory combined with steady demand may lead to more opportunities for buyers this summer, while motivated sellers are stepping into the market with fresh listings. Whether you’re looking to buy, sell, or simply keep an eye on the trends, staying informed will be key as we move deeper into the summer season.
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