The Grand County real estate market continues to find its balance after years of historic highs and rapid shifts. As we approach 2026, we expect a year of opportunity—for buyers to find value and for sellers to benefit from renewed interest in mountain living.

National and state REALTOR® data show a stabilizing trend, with steady price growth and healthier inventory levels. Locally, our market’s fundamentals remain strong: desirable lifestyle amenities, steady tourism, and limited long-term housing supply.

In 2026, the Grand County Association of REALTORS® will continue to advocate for fair housing, property rights, and data transparency. We encourage both residents and investors to rely on your local REALTOR® for the most accurate market insight and guidance.

To close out 2025, the Board would like for you to join us at the Holiday Celebration to Jingle & Mingle! Register by November 25 to help support the Grand County Scholarship Fund and celebrate with the Board of Directors! Your voice is recognized through our Board’s work! Please welcome Morgan Keeler as the 2026 Chairwoman of the Board. As the Chairwoman, she will lead us through changes with our MLS and be your voice for Grand County, locally, as our CAR Director for the Colorado Association of REALTORS®, and nationally as a member of the NAR Delegate Body. If you’re unable to attend, make sure to add a donation to your annual dues payment or directly here: https://coloradorealtors.charityproud.org/Donate/Index/24768

National Real Estate Market Context – NAR (August 2025)
- Existing-Home Sales: 4.07 million (seasonally adjusted annual rate), +1.8% year-over-year, –0.2% month-over-month.
- Median Price: $422,600 (+2.0% y/y), 41st consecutive month of price gains.
- Pending Home Sales: +4.0% month-over-month, +3.8% year-over-year, with all regions reporting increases.

Nationally, housing activity shows slow but steady recovery with moderating prices and improving contract activity. (Source: National Association of REALTORS®, August 2025 Reports)

Single-Family Homes

	September 2025	Year-over-Year Change	Year-to-Date (Jan–Sept)	YTD Change
New Listings	74	+39.6%	709	+15.7%
Closed Sales	57	+32.6%	346	+16.9%
Median Price	$899,000	–8.8%	$960,000	+2.7%
Avg. Price	$1,115,572	–20.4%	$1,281,276	+8.8%
Days on Market	88	+10.0%	116	+33.3%
Months Supply	10.0	—	10.0	—

Highlights: Sales and listings are up significantly; prices softer in September but higher YTD. Inventory remains high at 10 months—favoring buyers.

Townhouse/Condo

Metric	September 2025	Year-over-Year Change	Year-to-Date (Jan–Sept)	YTD Change
New Listings	40	–20.0%	567	+8.0%
Closed Sales	46	+39.4%	235	–6.0%
Median Price	$576,250	–13.9%	$630,000	–6.4%
Avg. Price	$628,371	–15.6%	$697,640	–0.4%
Days on Market	114	+7.5%	105	+9.4%
Months Supply	10.9	+39.7%	10.9	+39.7%

Highlights: Sales activity improved in September, but YTD numbers and prices show moderation. Inventory levels indicate a continued shift to a buyer’s market. (Source: CAR / Grand County Board of REALTORS® – Data current as of Oct. 3, 2025.)

Overall Market Evaluation

- Demand: Activity is strengthening after two years of decline. Nationally and locally, buyers are returning, though selective.
- Prices: Holding relatively steady YTD; some short-term downward adjustments in higher-end segments.
- Inventory: Approximately 10–11 months’ supply signals more balance—and opportunity—for buyers.
- Outlook: Market remains healthy with moderated growth, moving toward equilibrium after the volatility of 2023–2024.