Across the country and in Routt County, 2019 has proved to be a seller’s market but that trend appears to be concentrated in the lower to middle price ranges. Despite historically low interest rates, potential sellers at the lower end of the market are reluctant to move up for fear of not finding something else affordable to purchase. Median sales prices have been higher and construction costs continue to rise, especially in Routt County which has a limited tradesman labor force. Inventory is plentiful at the upper end, with demand slowing for larger luxury homes above $2M.

In 2019, Colorado has had a 7% drop in new listings hitting the market compared to 2018. Meanwhile, in Routt County new listings are comparable to 2018, down only 1% from this time last year. This year there have been 1,300 new properties in Routt County listed for sale.