Now well into the second quarter of 2025, the La Plata County real estate market is beginning to see more movement. Our local market is shaped by a variety of factors including supply & demand, mortgage rates, weather, the national and global economic climate, and more. By collecting and analyzing these numbers month-over-month and year-over-year, we can see trends develop and help buyers and sellers accomplish their real estate goals.
April Sales:
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April total: 65
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Up 8 sales year-over-year
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Up 16 sales month-over-month
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Year-to-date sales: 205
Last month, we saw market activity for 2025 begin to pick up. The 32.6% month-over-month increase is significant, but it typically starts trending upward with the spring selling season. Overall sales are also up nearly 10%, which is a great start to the year.
Price Trends:
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Average Sales Price: $795,330
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Up over $40,000 since last month
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Up over $64,000 compared to April 2024
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Median Sales Price: $650,000
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Up $50,000 month-over-month
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Up $20,000 year-over-year
The average and median sales prices continue to rise month-over-month and year-over-year. The average has increased nearly 9% since April 2024, although it tends to run higher than the median due to the influence of higher priced transactions. The median generally provides a more balanced view of the market and has shown an annual increase of about 3% which is considered healthy growth. Even though the first few months of the year were slow to see this growth, with some markets even showing year-over-year declines, we believe that with the new activity in April, the market will continue to gain momentum throughout the summer.
Time on the Market:
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Average Days on Market: 109 days
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6 days fewer month-over-month
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1 more day than April 2024
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Median Days on Market: 78 days
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14 days faster month-over-month
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8 days faster year-over-year
This is another good indicator of market activity picking up - especially the 15% month-over-month decrease in median days on market.
Inventory:
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Active listings: 358
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Up 30.7% month-over-month
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Up 26.1% year-over-year
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Pending (under contract) listings: 94
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Down 3 listings (3.2%) month-over-month
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Down 2 listings (2.1%) year-over-year
This increase in inventory is a welcome trend - having an adequate inventory sets up the market for success and allows movement for buyers and sellers. With more active listings, buyers have more options to consider - although with days on market remaining relatively low, there may still not be a lot of time to make decisions before highly sought-after and well-priced listings go under contract. For sellers, while more competition may seem like a disadvantage, a strong marketing strategy paired with accurate pricing will help your home stand out.
Trending Price Ranges:
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$1,000,000+
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48 active listings between $1,000,001 - $1,500,000
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15 active listings between $1,000,001 - $1,500,000
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23 sold listings between $1,000,001 - $1,500,000
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124 active listings $1,000,001+ account for 34.7% of all available listings
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$200,001 - $400,000
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73 active listings
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$500,001 - $600,000
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31 sold listings
These lower price ranges remain popular and create great opportunities for first time home buyers and investment/second homes. On the other hand, as Durango’s luxury market becomes more and more prevalent, the $1,000,001+ categories are expected to continue to expand.
We anticipate that La Plata County market activity will continue to increase throughout the summer but to what extent remains to be seen. Since the pandemic boom in 2021 and 2022, each year has followed its own path. As outside factors are constantly changing and out of our control, it’s important to stay informed and connected with your local Realtor® as you navigate the Durango area real estate market. Please contact The Durango Team at The Wells Group, we’re here to provide support and answer any questions.
