June 2025 Market Report

The Timing Is Right For Buyers AND Sellers

The Pagosa Springs real estate market is showing early signs of a shift as we move through Summer 2025. According to the latest data from the Pagosa Springs Area Association of REALTORS® (PSAAR), rising inventory and stabilizing prices suggest we may be moving toward a more balanced—and possibly buyer-friendly market—for the first time in several years. In the meantime, this is a great time for Sellers to get back in the market.  With inventory rising, Sellers want to take advantage of current price points to maximize their investments. 

Market Snapshot – June 2025 (Residential)

• Median Sale Price YTD: $556,500 (down from $574,500 in 2024)

• Average Sale Price YTD: $687,811

• Average Days on Market: 125

• Sale-to-List Price Ratio: 96.3%

• Active Listings in June: 396 (up from 255 in June 2024)

• Months of Inventory: 6.6 (up from 5.5 in 2024)

What Does This Mean for Buyers and Sellers?

For homebuyers in Pagosa Springs, the growing inventory and slightly longer days on market create more opportunity to find the right property—potentially with more room for negotiation.

For homeowners looking to sell, the market is still strong—especially if priced correctly. While the median sale price has dipped slightly, homes that are well-positioned and competitively priced continue to sell close to asking, with a 96.3% sale-to-list price ratio. Sellers who’ve owned for a few years can still capture substantial equity, especially compared to pre-2020 values.

Key Market Trends

• Inventory is up 20% year-over-year, giving buyers more choices than we’ve seen in recent summers.

• Residential sales volume YTD: $116.9M (up from $110.9M in 2024)

• Total sales volume (all property types): Up 4% compared to 2024

• Closed residential units in June: 94

• New residential listings in June: 87

Pagosa Springs Real Estate Outlook

While we’re not in a full buyer’s market yet, trends point to a more balanced market on the horizon. For those considering selling in 2025, now is a great time to act while demand remains strong in the summer season. For buyers, the increase in available homes could be the window of opportunity you’ve been waiting for.

Considering buying or selling in the Pagosa Springs area? Experience matters.
Reach out to the local experts at Galles Properties, the market leader in Southwest Colorado for over 20 years. We can provide a personalized analysis of your home’s value or help you find the right property in this evolving market.

Call us at 970.264.1250 or
Visit www.GallesProperties.com