Basalt, CO - August 2024 Market Report

by Keith McDougal

Basalt August 2024 Real Estate Summary

The Median Sales Price in Basalt fell for the thrid straight month in August. Median Sales price is $1,353,800, down 38% month over month, and down 20% year over year. However, the Basalt market is volitile due to the low number of transaction per month. When leveled across the past 3 months Sales price is only down 7% month over month, and is up 3.4% year over year. Inventory and Months of Inventory are at their highest point in 3 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.