The Gunnison County real estate market saw a meaningful increase in available inventory during the month, while pricing trends showed signs of moderation compared to the previous year. Active listings climbed 15.0% from the prior month, reaching 269 properties and pushing inventory levels to a 9-month supply.
For single-family homes, the average sales price increased 1.5% year-over-year to $1,416,321. However, the median sales price declined 22.0% year-over-year to $837,500, reflecting a shift in the mix of homes sold. Attached properties continued to show steady appreciation, with the average sales price rising 11.7% year-over-year to $706,917 and the median price increasing 3.7% to $555,000.
Homes generally sold slightly faster than they did a year ago, with average days on market decreasing 11.0% year-over-year to 147 days. Sellers also received an average of 95.7% of their original asking price.
Key Market Highlights
Supply – Active Listings
Inventory continued to grow, with active listings increasing 15.0% from the previous month and 13.0% compared to the 238 active listings recorded during the same period last year.
New Listings
Seller activity accelerated in May, as new listings rose 44.0% month-over-month. For comparison, 99 new properties entered the market during the same month last year.
Demand – Pending Listings
Buyer activity also strengthened, with pending sales increasing 20.8% from the prior month after 24 properties went under contract.
Months Supply of Listings
Inventory levels expanded to 9.1 months of supply in May, representing a 16.7% increase from the previous month. One year ago, the market carried 7.7 months of inventory.
Percent of Closed Price to List Price
Negotiating activity increased slightly, with sellers receiving 95.7% of their asking price on average. This metric declined 1.2% from the previous month but remained slightly above the 94.9% recorded during the same period last year.
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