
If you're considering buying or selling a home in Chaffee County, here's a quick update on the latest market trends. December saw 27 home closings, a 10% decrease from last year and a 40% drop from November. The median closed price was $635,000, down 5% year-over-year and 3% month-over-month. Despite fewer closings, buyer activity remained strong with 24 contracts executed, a 14% increase from last year.
For those looking at listings for sale, there were 147 active listings at the end of December, 5% fewer than last year but 5% more than last month. Homes spent a median of 65 days on the market, slightly less than last December but longer than November. Sellers added 36 new listings, a significant 33% increase from last year.
In the Salida area real estate market, home closings dropped by 29% year-over-year but saw a slight 9% increase from November. The median closed price in Salida rose by 3% year-over-year. New listings in Salida surged by 50% compared to last year, providing more options for buyers.
Overall, the Chaffee County housing market remains active with a mix of trends that could benefit both buyers and sellers. Stay tuned for more updates and happy house hunting!
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