Mountain sales are off 58% from where they were 6 years ago and down again this year but the average sales price is up 9% this year and 8% over ’05 levels. Days to contract dipped to an area low of 78 in April. Inventory contracted 15% from last year and 20% from ’05 levels. Months of inventory in the mountains has always been high, is up in 2011, now at 23, and is almost double from ’05. 5 to 6 months of inventory mark the dividing line between a buyer’s and a seller’s market. More than 5/6 months is a buyer’s market, less is a seller’s.
For details and a search or study tailored to your needs and future call Dagmar Alford at 720-35-8285.
