The market has slowed noticeably with approximately 465 residential units actively for sale throughout the county, which is the highest level of inventory since early 2020. Interest rates appear to be holding steady and future adjustments to current interest rates will be the result of upcoming Federal fiscal policy. We are also starting to see an increase in average days on market at approximately 130 days, as well as more frequent price reductions, withdrawn and expired listings. Up Valley, particularly in the resort villages of Vail and Beaver Creek, we are seeing properties under $3m selling more consistently. In the higher price points, demand is somewhat lower as potential buyers are hesitant due to economic concerns. Prices are remaining steady with about 10% appreciation annually. We are still occasionally seeing multiple offers on a handful of properties in neighborhoods where inventory is extremely low.
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