Vail Valley Real Estate Market Report – May 2022

June 28, 2022
New Listings - Vail Valley Market Report

Increase in New Listings

New Listings were up 50.7 percent for the Single Family-Duplex category but
decreased 2.5 percent for the Townhouse-Condo category. Pending Sales
increased 29.2 percent for Single Family-Duplex but decreased 28.6 percent for
Townhouse-Condo. See our updated inventory of Vail property listings.

Mediam Sales for Vail Valley

The Median Sales Price was up 16.6 percent to $1,690,250 for the Single FamilyDuplex category and 31.0 percent to $959,000 for the Townhouse-Condo
category. Days on Market decreased 48.5 percent for Single Family-Duplex
homes and 72.9 percent for Townhouse-Condo properties.

Housing Shortage

The slowdown in sales has provided a much-needed lift to housing supply, with
inventory up 10.8% from the previous month according to NAR, although
supply remains down 10.4% compared to this time last year, with only 2.2
months’ supply of homes at the current sales pace. As the nation continues to
explore ways to solve the ongoing housing shortage, estimated at 5.5 million
homes, the Biden administration recently unveiled the Housing Supply Action
Plan, which aims to expand housing access through a number of administrative
and legislative actions and help relieve the nation’s housing crisis over the next
5 years.

Click here to see the detailed market report

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