Aspen, CO - August 2024 Market Report

by Keith McDougal

Aspen, CO - August Real Estate Summary

August was a strong month in terms of sales price for Single Family Homes in Aspen. The Median Sales Price is $16,600,000, up 26% year over year, and 125% month over month. However, June and July sold prices were below normal, so when leveled over the past 3 months the August comparison is much more modest - down 31% month over month, down 5.4% year over year, and down 3.5% year to date.

Inventory is at it's highest point in 3 years and Months of Inventory is at it's highest point in 5 years. These indicators may be a sign of downward pressure on sales prices to come. Call or email me if you are considering getting active in the market and would like to discuss.

Note that the chart is a comparison of leveled prices over the past 4 years.