Housing inventory across Colorado continues to rise, following last month’s trend. While home prices remain steady in some areas, regions along the Western Slope are experiencing noticeable price drops.
By the end of June, parts of Colorado saw inventory levels not witnessed in over 10 years. Compared to May, new listings for single-family homes declined by 11.2% statewide, while condo listings dropped by 14.2%, according to the Colorado Association of Realtors.
Despite fewer new listings, the number of active listings statewide climbed to 33,287 — a 22.6% increase from June 2024. This growth is due to a slowdown in home closings, especially in metro areas along the Front Range, as buyers face high interest rates and affordability issues.
Sold listings dipped 2%, pushing the month’s supply of inventory to 4.7 months — a level not seen since 2013.
“We’re moving into a buyer’s market,” said Monica Anderson, Chairwoman of the Grand County Board of Realtors. “There are real opportunities for buyers who’ve been hesitant.”
More inventory and fewer buyers mean homes are staying on the market longer. The average days on the market have jumped more than 18% since last June when homes averaged 43 days.
Still, home prices remain largely unchanged. The statewide median sales price in June 2025 was $560,000 — the same as June 2024. Single-family home prices dropped just 0.3%, and condos/townhomes declined by 3.6%.
Buyers now have more choices and negotiation power, but many sellers haven’t adjusted their pricing strategies yet.
“With hopes for lower interest rates and better listings, many buyers and sellers are cautiously waiting,” said Boulder-area Realtor Kelly Moye.
County Highlights
Routt County
Although Routt County is seeing increased inventory, it’s not leaning as heavily toward a buyer’s market as other regions. According to Steamboat Springs Realtor Marci Valicenti, today’s higher prices differentiate the current market from 2019.
Homes are still moving quickly if priced well. Single-family homes are selling at 97.2% of the list price, and multi-family units at 97.5%, indicating improved pricing.
Summit County
Inventory in Summit, Park, and Lake counties is up 32% from June 2024. Listings range from a $160,000 mobile home to a $21 million estate, with over half listed above $1 million.
Sales haven’t kept pace with supply, increasing by only 0.7%. Luxury homes, however, are outperforming with 80% more sales in the $5–$10 million range and 88% more in the $1.5–$2 million range.
Single-family homes are sitting on the market 75% longer than last year. The average sales price fell 16% to $2,148,953 in June 2025.
“This is a transitional market. Buyers and sellers alike should move with caution,” said Dana Cottrell, president of the Colorado Association of Realtors.
Eagle County
June is typically Eagle County’s busy season. While unit sales rose just 1%, dollar volume grew by 7% year-over-year.
Year-to-date, unit sales are down 18%, and revenue is down 6%. A large number of early 2024 closings in the high-end market distorted comparisons.
New listings jumped 21% in June, pushing year-to-date gains to 25%. Active listings are up 43%, and the county now has 8.6 months of inventory — its highest in years. Homes are spending 41% more time on the market.
“Buyers have more options now, and we’re optimistic for the season ahead,” said Realtor Mike Budd.
Pitkin County (Aspen)
Inventory in Aspen remains flat compared to last year despite new listings. Single-family listings rose 25%, while townhome listings increased 15% in June.
However, year-to-date, condo and townhome listings are down 17.6%, while single-family listings rose 42%.
Sales activity mirrors last summer, with single-family home sales up and condo sales down. Prices in Aspen remain high, with homes averaging $3,500 per square foot — double what they were five years ago.
Over 100 single-family homes are currently listed, averaging more than $4,000 per square foot. The average list price is over $25 million, but 2025’s average sale price is closer to $16 million, revealing a gap between asking prices and buyer willingness.
“There’s a disconnect between the high number of $20 million-plus listings and actual demand,” said broker Mark Lewis.
Grand County
Inventory in Grand County is also climbing. In May, single-family home inventory was up nearly 20% year-over-year. Though new listings dropped 6% in June, overall inventory remains high.
Townhome listings surged 57.4%, driven by new construction. Listings rose from 47 in June 2024 to 74 this year.
Single-family listings increased 17% year-over-year. Median prices have fallen 13.4% since June 2024, but that hasn’t sparked much buyer activity.
“Things have been unusually slow this summer,” said Monica Anderson. “Buyers are holding out, waiting for lower rates.”
Despite the lull, first-time buyers are benefiting from reduced competition as investor activity cools.
“It’s rewarding to help young families find their footing here,” Anderson said.
Katie is a senior who has been on staff for three years. Her favorite type of stories to write is reviews and features. Katie’s favorite ice cream flavor is strawberry.
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