Market Reports

In Q1 2025, the Summit County real estate market showed strong signs of bouncing back, creating a more balanced environment for both buyers and sellers. Home sales were up 7% compared to last year, with a big boost in March, and about 259 properties closed by the end of the quarter. Inventory also saw a jump—up nearly 40%—which gave buyers a lot more to choose from. Sellers were still getting close to asking price, with homes selling at around 97% of list. The luxury market was especially active, with sales over $2 million up 27% and average prices hitting $1.58 million. Homes did sit on the market a bit longer, with days on market increasing from 55 to 77 and price per square foot dipping slightly to $787. All in all, it was a solid start to the year and a promising setup for a busy spring and summer season in the mountains.