As we approach the halfway mark of 2025, the La Plata County real estate market is showing a noticeable uptick in activity. Looking back at the first few months of the year, and comparing them to years past, we are starting to see some familiar trends continue, while new dynamics emerge.
May Sales:
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May total: 81
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Flat year-over-year
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Up 16 sales from April 2025
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Year-to-date sales: 286
This is the second month in a row with a 16-sale increase over the previous month. By the end of May, 2025 had recorded 18 more sales than the same period in 2024, indicating slow but steady growth.
Price Trends:
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Average Sales Price: $816,255
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Up over $21,000 since last month
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Up over $81,000 compared to May 2024
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Median Sales Price: $677,500
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Up $27,500 month-over-month
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Up $53,000 year-over-year
The average sales price is up nearly 11% year-over-year, while the median is up 8.48%. Because the average can be skewed by a few high-end sales, the median often gives a more balanced view of the market. Although the average is still slightly lower than in 2023, the steady increase in median price underscores the ongoing demand for Southwest Colorado real estate.
Time on the Market:
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Average Days on Market: 105 days
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4 days fewer month-over-month
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4 more days than May 2024
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Median Days on Market: 75 days
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3 days faster month-over-month
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7 days slower year-over-year
While homes are starting to sell more quickly compared to earlier this year, they are staying on the market longer than this time last year. This is due, in part, to increased inventory; buyers are not as pressured to submit an offer on a home as quickly. That said, well-priced or well-located properties are still moving quickly, and we’ve seen a few multiple offer situations in the past couple of weeks.
Inventory:
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Active listings: 440
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Up 82 month-over-month
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Up 99 year-over-year
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Pending (under contract) listings: 125
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Up 31 month-over-month
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Up 12 year-over-year
With a 22.9% increase in active listings compared to last month, May 2025 now holds the highest inventory level since the summer of 2020. The rise in pending listings supports the idea that demand is increasing along with supply. Over the past few years, buyers have had minimal inventory to choose from, which drove listing and sale prices up. With this increase in inventory, we expect to see the market rebalance and allow for more mobility on both the buying and selling sides.
Trending Price Ranges:
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$1,000,000+
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69 active listings between $1,000,001 - $1,500,000
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36 active listings between $1,500,001 - $2,000,000
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63 active listings $2,000,001+
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35 sold listings between $1,000,001 - $1,500,000
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$800,001 - $900,000
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39 active listings
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The largest category under $1MM
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$300,001 - $400,000
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19 pending listings
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The most popular pending category
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$500,001 - $600,000
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39 sold listings
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The most in one price category for sold listings
Luxury listings represent 38% of our inventory, with 168 active listings over $1,000,000. While there are many “luxury” homes available in La Plata County, strong demand still persists in the more affordable ranges. Homes priced between $300,001 - $800,000 make up 57.6% of pending listings - great news for first-time buyers or those looking to enter the market at a more moderate price.
As we finish out Q2, La Plata County is poised for continued growth in market activity. External factors will continue to influence local trends, making it more important than ever to stay informed and connected with your local buying or selling Realtor®. Please contact The Durango Team at The Wells Group; we’re always here to provide support and answer your questions.
