Colorado Real Estate Blog

The May 2025 housing market in Pagosa Springs and greater Archuleta County is showing strong signs of continued growth and resilience. Backed by data from the PSAAR MLS, the latest figures reveal upward trends in both pricing and sales activity, with inventory levels shifting to meet demand.

Residential Market Highlights (Year-to-Date as of June 1, 2025)

• Average Residential Sale Price: $695,794
  (Up from $692,639 in 2024)

• Median Sale Price: $565,900
  (Up from $572,500 in 2024)

• Average List-to-Sale Price Ratio: 96.4%
  (Slightly up from 96.1% in 2024)

• Average Days on Market: 125
  (Down from 145 in 2024)

Data indicates that buyers are still finding value in Pagosa Springs, but the slightly higher sale prices reflect growing demand. Homes with market-based pricing are selling faster than last year, indicating a competitive market.

Market Activity in May 2025

• New Residential Listings: 101 (same as 2024)

• Residential Under Contract: 93 (also unchanged from 2024)

• Sold Residential Units: 96
  (Up from 93 in May 2024)

Inventory is trending upward with 315 active residential listings as of May 2025, a 15% increase from 273 in May 2024. The current months’ supply of inventory sits at 6.1—up from 5.1 a year ago—offering more choices for buyers while signaling a stabilizing market.

Sales Volume and Price Segments

Archuleta County’s total residential sales volume year-to-date reached $95.3 million (list side), a strong gain over $84.5 million in 2024.

By price category:

• $250K–$500K: $41.5M

• $500K–$750K: $67.1M

• $750K–$1M: $33.3M

• $1M+: $20.9M

These segments reflect a healthy mix of mid-range and luxury property movement, with the $500K–$750K tier leading in overall volume.

Land & Commercial Snapshot

• Land Sales (YTD Units): 234
  (Up from 180 in 2024)

• Commercial Sales (YTD Units): 10
  (Down slightly from 14 in 2024)

Land continues to be a growing part of the market as buyers consider building or investing long-term in Pagosa Springs’ future.

Overall Market Momentum

As of June 1, 2025:

• Total Sales Volume (All Property Types): Up 14% YTD

• Total Sales Units (All Classes): Up 9% YTD

These gains underscore the ongoing appeal of the Pagosa Springs lifestyle, drawing both primary residents and second-home buyers looking for space, scenery, and value.

Want to know what these numbers mean for you?
Whether you’re buying, selling, or just exploring your options, the experienced brokers at Galles Properties are here to help. Contact us today for a personalized market report tailored to your property or area.