La Plata County real estate is heating up along with the summer weather! The spring and summer are typically when our market begins to hit its stride, and this year is no exception. By tracking active, pending, and sold listings; average and median sold prices; average and median days on market; and price trends, we can compare and utilize this market knowledge month-over-month (MoM) and year-over-year (YoY).
May Sales:
- May 2026 Total Sales: 98
- April 2026: 76 - 🠅 28.95%
- May 2025: 81 - 🠅 20.99%
- Year-to-date (YTD) sales: 339
- 2025: 286 - 🠅 18.53%
- 2024: 268 - 🠅 26.49%
After three years of 81 sales in May, 2026 finally broke that number with 98 sales - a 21% increase YoY and 29% MoM. This brought the year-to-date (YTD) total to 339, over 18% higher than last year. Here is a breakdown of our sub-markets:
- 52 Bayfield Area
- 16 Ignacio Area
- 11 Hesperus Area
- 260 Durango Area: 126 Rural, 96 In-town, 38 Resort Area
While the Durango area makes up approximately three-quarters of the sales, we like to see activity split between all Durango sectors as well as homes in Bayfield/Vallecito, Ignacio, and Hesperus.
Inventory:
- Active Listings: 479
- April 2026: 426 - 🠅 12.44%
- May 2025: 440 - 🠅 8.86%
- Pending (under contract) Listings: 119
- April 2026: 125 - 🠇 5.04%
- May 2025: 125 - 🠇 5.04%
Our inventory continues to grow, increasing MoM and YoY to 479. This is a fantastic rebound from less than 100 active listings in 2021. Inventory is important for buyers because it provides more choices and opportunities, and it helps create a balanced market. Sellers also benefit because it gives them replacement options, and with buyers having more options, when they do write a contract, it is more likely to stick. Pending sales have dipped slightly both MoM and YoY. In the past few years, we’ve seen the second half of May slow down a bit, so these numbers track with that trend.
Price Trends:
- Average Sales Price: $869,986
- April 2026: $823,210 - 🠅 5.68%
- May 2025: $816,255 - 🠅 6.58%
- Median Sales Price: $705,000
- April 2026: $695,500 - 🠅 1.37%
- May 2025: $677,500 - 🠅 4.06%
As the market has picked up, the average and median sales prices have also increased by about 6% MoM and YoY. The average is over $150,000 higher than the median because it is highly influenced by multi-million-dollar sales, while the median more accurately represents the market as a whole. Residential listings in La Plata County range from mobile/manufactured homes that sell for under $100,000 to 10,000+ square-foot properties selling for well over seven figures. Because of this wide range, having a local broker that understands the ins and outs of Southwest Colorado property is critical for accurate pricing. Land value, water rights, year built, location, and many more factors affect home prices in our area.
Time on the Market:
- Average Days on Market: 116 days
- April 2026: 121 - 🠇 5 days
- May 2025: 105 - 🠅 11 days
- Median Days on Market: 83 days
- April 2026: 90 - 🠇 7 days
- May 2025: 75 - 🠅 8 days
Days on market are decreasing MoM, which is what we expect around this time of year. Although it’s not quite as quick as last year, that’s not necessarily a bad thing. Since 2020, the market has moved at a rapid pace, getting as low as 49 days, which didn’t allow buyers much time to view homes and make decisions. At the same time, we expect this metric to continue to dip during the busy season and increase again in the fall months.
Trending Price Ranges:
- $200,001 - $300,000
- 42 active listings
- $500,001 - $800,000
- 133 active listings
- 124 sold year-to-date
- $1,000,000+
- 66 active listings between $1,000,001 - $1,500,000
- 38 active listings between $1,500,001 - $2,000,000
- 61 active listings over $2,000,001
- 80 $1,000,000+ listings sold year-to-date
There is a strong 10% of listings in the $50,000 - $300,000 range, many of which are mobile homes without land, or condos primarily in the resort area. The mid-range, $500,001 - $800,000, continues to grow and is reflected in the median list price of $772,000. The luxury market is also thriving with one third of the active listings over $1,000,000. Sales in this category continue to make up about 20+%. The impact of this can be seen in the average list price, which is $500,000 more than the median, sitting at $1,283,925.
Starting this month, we expect to see our regular busy summer market, a consistent flow of inventory, and increases in pending and sold listings. As a buyer or seller, it’s incredibly valuable to work with a local RealtorⓇ familiar with our area’s trends. Please contact Max, Katie, and Deven from The Durango Team at The Wells Group for more information.
