Hello again,
More signs of life in the real estate market in Breckenridge, Colorado! Little green shoots of market activity.
This time our focus is higher end homes: homes between $1 million and $2.5 million. (Earlier, we examined condos under $300,000 and saw a strong recovery)
Check out the chart below, and you’ll see that the data is pointing towards a recovery in this sector:
- The number of month’s supply is trending down – that’s the number of active listings, divided by the number of sales in a recent period.
- The yellow line, “Month Supply (short)” is based on short-term market activity: the number of current active listings vs the number of sales in the past 3 months.
- The blue line, “Month Supply (medium)” is based on current actives vs sales in the past 6 months, and the magenta line, “Month Supply (long)” is based on current actives vs sales in the past 12 months.
- In a steadily improving market, the short-term yellow line is the lowest, and the long-term magenta line is the highest – and all three lines are trending down. That’s exactly what we see below! An improving market for higher end homes in Breckenridge.
![](https://themoens.com/files/million-sfh-oct-18-09.png)
Check back from time to time, for additional market statistics and observations for beautiful Breckenridge, CO, where “It’s a great time to be a buyer!”