We are still in the midst of a noticeable market correction at this time. Inventory is still at record lows with approximately 265 residential units on the market. But, demand has slowed considerably. We are starting to see an increase in average days on market as well as more frequent price reductions. Down Valley, we are seeing some reduction in values as sellers attempt to reach Buyers at a time when interest rates are having an impact on the market. That said, we are still occasionally seeing multiple offers on a handful of properties in neighborhoods where inventory is extremely low. Prices are generally flat but dropping slightly in certain market segments. We strongly encourage you to sign up for instant property alerts to your inbox by clicking https://vail.evrealestate.com/contact/Vail and filling out the form.
