According to an article in Realtor Magazine, home shoppers this spring have 52% fewer homes to choose from than last year. For every 10 homes for sale last year, there are fewer than five today. We are finding this trend applicable to our market as well.
At this time there are 33 in town Durango homes listed for sale; three are under $400,000, 18 from $400,000-$900,000 and 12 above $900,000. The last year there were 154 single family and condo/townhome listings available in town Durango. This year in the Durango rural area we have 56 active listings, 6 under $400,000, 22 from $400,000 to $900,000 and 28 above $900,000. Last year there were 186 active listings available.
For the complete article from Realtor Magazine, click here. https://magazine.realtor/daily-news/2021/04/01/spring-buyers-have-50-fewer-homes-to-choose-from
If you are interested in more information on the local market or if you would like to have a current market analysis on your home, please give us a call.