Chaffee County had 44 closings in May, which is down 4% from last year and up 63% from last month. Sellers brought 82 new listings to the market, which is 3% more than last year and 37% more than last month. This increase in inventory is good news for buyers as demand for homes in Chaffee county remained steady with listings moving from Active to Pending in a median of 13 days -that’s 72 fewer days on the market than in February of this year. Median closed prices decreased 11% from last May and 15% from last month. Contracts were written on 34 properties, all of which were single family homes. At the close of the month, there were 182 active listings of homes for sale, 37% more than last year at this time.
By Mark Krasnow