Downward pressure persists in the Aspen real estate market, with sales prices continuing to soften.

The Leveled Median Sales Price fell for the third straight month, down 4% from last month and 17% year-over-year.

All 9 homes listed in April sold—showing solid demand. However, year-to-date, only 28 of 49 listings have sold, meaning inventory is still growing this year.

Aspen remains a buyer’s market with 13.2 Months of Inventory and a 10% Absorption Rate. Until more inventory is absorbed, expect prices to stay flat.