Summer is definitely here - we've passed the solstice and Independence Day and are well on our way through July. It's time for an updated look at the state of the Aspen/Snowmass real estate market!
Midway through 2023 we’re seeing that inventory has rebounded a bit from historic lows last year but still remains well off the highs of 2019 and prior. The most recent snapshot from Land Title Guarantee shows the following:
The total sold volume has dropped from this spring and even the month of May. Mortgage rates and recent tax assessments may be taking a toll (read on for more about this below). It's well off the remarkable highs from 2021 and 2022 caused by pent up demand during the pandemic.