December's market saw steady transaction activity as buyers and sellers found common ground on pricing. After months of patience, buyers engaged where sellers demonstrated realistic expectations. While not a dramatic shift, the activity reflected a market gradually working through its inventory overhang.
Aspen single-family sales jumped to 7 closings at a median of $9.5M, bringing the full-year median to $13.2M, up 5.6% from 2024. The condo segment saw 13 closings at a median of $5.5M. Year-to-date, Aspen condos held flat at a $3.45M median, while inventory dropped slightly to 68 units. Single-family inventory remained elevated at 100 homes, but months supply fell to 13.8 as absorption picked up.
Down-valley markets showed similar momentum. Carbondale moved 11 single-family homes in December alone, matching its entire November total. Basalt's condo market surged with 8 closings, the strongest monthly performance all year. Snowmass Village's condo inventory tightened to 89 units as the market absorbed pent-up demand from fall price corrections.
The pattern is clear: properties that met the market moved quickly in December, while those holding firm continued to accumulate days. Buyers weren't chasing, but they were ready when sellers demonstrated commitment. That dynamic will carry into 2026.
