May was a thin, selective market. Across the valley, fewer than twenty single-family homes traded, so a few sales moved the medians more than the market did.
At the top of the valley, Aspen recorded six single-family closings with the single-month median resetting to $4.6M, a small-sample figure against a rolling 12-month median still near $13M. Snowmass Village saw two single-family sales, one of them after 409 days on market. At that volume the headline prices are anecdotes. The steadier signal is that upper-valley inventory is not moving quickly.
Down-valley carried the activity. Carbondale led with ten single-family closings at a $1.39M median, flat year over year and the most stable read in the report. Basalt recorded a single high-end sale on the single-family side, which skews its comparison. The pattern holds, buyers priced out of the upper valley keep moving down the valley.
The condo market told its own story. Carbondale condo sales doubled to eight at a $929K median, with units moving in about two months. Basalt held six closings around a $715K median as lower-priced inventory traded. Snowmass Village condos came in at a $1.66M median across six sales. Patience and pricing are still doing more of the work than urgency.
The full report breaks all of this down town by town, with the numbers, charts, and my take on each market. You can read it here: [link to PDF].
A note on summer. With the airport fully back online and showings picking up, June and July will set the tone for the season. If a summer move is on your horizon, the next few weeks are the time to get positioned.
