The La Plata County residential real estate market saw a fast-paced July. By tracking and comparing key metrics month-over-month and year-over-year, we can see where the market is headed and how it’s shifting in real time. Here’s a closer look at the breakdown of July’s real estate statistics.
July Sales:
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July Total: 106
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Up 37 (53.62% listings) month-over-month
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Up 5 (4.95% listings) year-over-year
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Year-to-date sales: 461
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2024: 443 - up 4.06%
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2023: 466 - down 1.08%
Monthly sales were up both month-over-month and year-over-year. Paired with more year-to-date sales than 2024, we’re pleased to see this uptick in activity. While totals remain below the peak years of 2021 and 2022—when the pandemic fueled unprecedented demand—the current pace reflects a more balanced, sustainable market. Compared to 2024, we’re seeing stronger year-to-date performance, which is encouraging for both buyers and sellers as we navigate this “new normal.”
Price Trends:
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Average Sales Price: $829,207
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Up $41,599 (5.28%) compared to June 2025
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Up $67,442 (8.85%) compared to July 2024
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Median Sales Price: $686,000
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Up $41,000 (4.73%) compared to June 2025
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Up $48,000 (7.52%) compared to July 2024
Stronger sales activity pushed both the average and median sales prices higher month-over-month and year-over-year. While the average price remains above the median—driven in part by ongoing demand in the luxury segment—both indicators posted solid gains over both time frames. This consistent growth reflects steady buyer demand across a range of price points, not just at the top of the market.
Time on the Market:
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Average Days on Market: 94 days
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4 days faster (4.25%) month-over-month
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1 day longer (1.08%) year-over-year
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Median Days on Market: 65 days
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3 days faster (4.62%) month-over-month
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4 days longer (6.56%) year-over-year
There were minimal changes in the average and median days on market in July, underscoring the steady demand for La Plata County homes. On average, properties take between 30 - 45 days to close once under contract, so this consistency suggests a healthy balance between buyer interest and available inventory, keeping the market moving at a consistent pace.
Inventory:
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Active Listings: 469
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Up 3 (0.64%) from June 2025
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Up 77 (19.64%) from July 2024
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Up 171 (57.38%) from July 2023
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Pending (under contract) Listings: 136
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Down 9 (6.61%) from June 2025
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Up 3 (2.26%) from July 2024
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Down 7 (5.15%) from June 2023
Supply and demand are always at the core of the real estate market, so inventory is always a hot topic. While we’re still more than 200 listings shy of pre-pandemic levels, the months of supply has now crossed the six-month mark—a key indicator of a balanced market. This rebuilding of available homes offers buyers more choices while helping to ease the pressure on pricing over time.
Trending Price Ranges:
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$1,000,000+
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72 active listings between $1,000,001 - $1,500,000
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42 active listings between $1,500,001 - $2,000,000
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67 active listings $2,000,001+
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56 sold listings between $1,000,001 - $1,500,000
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$200,001 - $300,000
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41 active listings
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One of the top five active listing categories, albeit one of the smallest sold categories
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$500,001 - $600,000
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36 active listings
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15 pending listings
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53 sold listings
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The highest number of sales in a single price category
The $1,000,001+ market continues to be a strong presence, accounting for 181 (38.59%) active listings, 44 (32.35%) pending, and 103 (22.34%) sales. While these “luxury” properties represent a high percentage of the market, demand continues to show for lower priced homes. More than half of pending and sold homes in July were priced between $200,000 and $800,000, showing continued demand for well-priced properties across a broad range of budgets.
As we wrap up summer and head into fall, we expect to see continued activity in the market along with steady growth in both average and median sales prices. We’ll also monitor key outside factors such as mortgage rates and the broader economic outlook to see how they influence our local market. Staying informed and connected with your trusted Realtor® is an essential aspect of buying and selling in the Southwest Colorado area. For more insights or personalized guidance, please contact Max and Deven from The Durango Team, we’d love to talk with you!
