E
agle County's real estate market has slowed down since the peak years of 2021 and 2022, but it's still on track for its third consecutive year with over $3 billion in sales. This year's sales and dollar volume through September mirror last year's numbers, which saw a slowdown from the previous two years.

    Demand remains healthy, particularly in the luxury market, driven by the strength of the national stock market. However, inventory has not recovered since the COVID-19 pandemic, with around 350-400 properties listed in the county's Multiple Listing Service, representing about four months' worth of supply.

    Broker Matt Fitzgerald notes that while the market leans slightly towards sellers, it doesn't mean they can always get their desired prices. The current average time on the market for homes is 68 days, and sellers who need to move quickly may need to adjust their asking prices.

    In areas like Gypsum, inventory is scarce, but broker Scooter Slaughter with Berkshire Hathaway HomeServices Colorado Properties reports having his busiest year yet. While prices have leveled off in recent years after a significant jump between 2020 and 2023, they show no signs of decreasing. Interest rates remain higher than during the pandemic, making it challenging for buyers to afford homes.

    Slaughter believes some potential sellers are waiting until spring 2025 to list their properties, hoping for better conditions. However, he notes that building costs are too high, making it uncertain what inventory will look like in a few months.