Four Corners Board of Realtors released a new set of market trends for the real estate trade in Montezuma County on Tuesday, with numbers that reflect stable indicators for the market compared to the same time last year, showing a modest increase in listings, a slightly higher sales price and a larger inventory of homes for sale.
“It’s been positive so far this year, actually,” said Denise Unrein, association executive of Four Corners Board of Realtors, referring to overall real estate market trends.
Prices in the area appeared to be relatively stable, Unrein said.
New listings increased slightly over the last year compared with the previous year.
Last year’s count was 277 homes listed, while this year’s number is 290 homes, a raise of 4.7%.
As for listings that were sold, both years the number of homes sold remained fairly stable.
This year saw a very modest, almost negligible increase in the numbers of homes purchased. Listings sold increased compared to last year by just 1.3%, reflecting a change of 151 homes sold in 2024 next to 153 homes sold by June of this year.
The run-of-the-mill homebuyer is unlikely to surpass $500,000 for a new house in Montezuma County, according to the board’s numbers.
The median sales price of homes went up 8% since last year, reaching $378,000.
Average sales prices, too, rose by 7.5% to $431,000.
When it comes to listings, sellers don’t always get bought out at the number they list for. Montezuma County homes tended to meet their listings, however.
Over 96% of list prices put on the market were met, with a slight decrease of 0.9% from the previous year.
When measured up to sales in June, the average home might sit on the market for a little over 100 days.
116 days in June of 2024 and 114 days in June of this year – that’s the average number of days homes spent on the market month-compared-to-month, awaiting a sale, otherwise a very modest decrease of 1.7%.
By that same measure of June 2024 next to June 2025, the inventory of homes for sale went up notably by 12.7%.
June 2024 had an inventory of 165 units for sale, while June 0225 had 186 units.
