Colorado Association of REALTORS | Vail Valley brokers say more real estate inventory is needed
30071
post-template-default,single,single-post,postid-30071,single-format-standard,edgt-core-1.0,ajax_fade,page_not_loaded,,colorado association of realators-child-ver-1.0.0,hudson-ver-1.5, vertical_menu_with_scroll,smooth_scroll,blog_installed,wpbdp-with-button-styles,wpb-js-composer js-comp-ver-7.9,vc_responsive

Vail Valley brokers say more real estate inventory is needed

business man Finding new property in real estate market with electronic commerce concept
Feb 12 2019

Vail Valley brokers say more real estate inventory is needed

EAGLE COUNTY — The local real estate market was essentially flat from 2017 to 2018. That’s the sign of a strong market. But local brokers say the valley could use more homes to buy and sell.

 

According to the Colorado Association of REALTORS®, the state in 2018 saw a slight decline in the number of homes sold. Eagle County saw that slight decline, too. But according to data from the Vail Board of REALTORS®, which tracks data mostly from Vail to Dotsero, there was also an increase in the prices of those transactions.

 

Together, the changes added up to a market that was very similar to the market’s status in 2017.

 

That’s mostly good news. According to Mike Budd, a broker with Berkshire Hathaway HomeServices Colorado Properties, the supply of homes is one of the key indicators of a market’s health, and whether it favors buyers or sellers.

###

For single-family and duplex units, the Vail Board of REALTORS® reports a 7.4-month supply of homes. There’s a six-month supply of townhomes and condos. Budd said that a six-month supply of homes is generally regarded as the sign of a balanced market.

 

To read the full article, please visit Vail Daily by clicking here.

Share Post