The unexpected boom that occurred in our real estate market in 2020 continued its upward trend into 2021. The overall number of residential properties sold in Breckenridge increased from 798 to 812 while Summit and Park Counties combined saw an increase from 2666 to 2702.
What does this mean for the Breckenridge and Summit County real estate market in 2022?
More buyers are buying and more sellers are selling. Demand is high and supply is low.
Has anything gone down? Yes- days on market are down! Properties sell so quickly that inventory levels don’t appear to change.
Is it a great time to sell? Yes! Sellers are seeing huge returns, even on homes recently purchased in the past 12-24 months
Is it a great time to buy? Yes! Buyers are still achieving their dreams and will ride the appreciation curve that has continued upward for the past 20+ years.