As of 2/2/2011, here’s the hottest segment of the Breckenridge real estate market: condos under $300,000, with only a 7 month supply!
- 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. Based on the sales pace of the last 90 days, as of 2/2/11 we are down to a 7-month supply of condos under $300K (down from a high of more than 50 months, in 2010)
- 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. All trends are down, which means the market is heating up!
This is the strongest segment of the Breckenridge market. Other segments (notably vacant land, and high-end condos and high-end homes) are much more sluggish, with a multi-year supply.
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!”