Summit County real estate agents say the area’s real estate market finds itself in a unique position: buyers think it’s a buyer’s market and sellers think it’s a seller’s market. 

Real estate agent Dana Cottrell said it could be a result of the flat and balanced market summer 2025 brought. She said, on average, the county has had a steady six months of supply between all property types, meaning it would realistically take six months to sell every active listing, which is the prime indicator of a balanced market. She said trends this summer show the area having seven months worth of supply — still in line with a balanced market. 

Multiple Listing Service data for Summit County demonstrates there were 1,299 active listings in July 2025, and the last time the county came close to having that many listings in recent history was 2020, with 1,292, Cottrell said. Last July, there were 1,112 active listings. More inventory means more options for buyers, giving them some leverage.

“If you were to look back at 2021, 2022 and parts of 2023 the buyers knew that it was a pretty steep order to find a property, and now we’re kind of in that limbo of nobody really knows if its buyer’s market or a seller’s market,” real estate agent Dishon Lutz said.

The Multiple Listing Service data also shows during July 2024, the county had 96 new listings for single-family homes and 93 new listings for single-family homes in July 2025. In July 2024, 37 listings sold, and 40 listings sold in July 2025. 

Lutz said data shows the average days on market increased in 2025. Properties remained on the market an average of 27 days in July 2024, and they remained on market an average of 32 days in July 2025.

“Now, buyers are a lot more patient, so they don’t feel that urge of needing to buy a house right now, they’re more capable of taking a deep breath,” Lutz said.

Yet, increasing prices show favor for sellers.

He said where July 2024 had a median sales price of around $1.6 million for a single-family home, July 2025 has a median sales price of around $1.76 million for a single-family home. This is around a 10% jump, year over year. Multiple listing service data shows the average sales price for a single-family Summit County home in July 2024 was around $2 million and that number in July 2025 was $2.1 million.

“That kind of also speaks to the people that are in the market, who are still buying property, are buying the new properties that are kind of driving that number up,” he said. 

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He said national trends point to buyers driving the market, but Summit County can’t be compared to the rest of the country given its unique position. He said even comparing it to Colorado’s Front Range isn’t accurate. He said, typically, the Summit County market trails 12 months behind the Front Range market.

Lutz described Summit’s market to be insulated with its own unique trends. For instance, the area sees far fewer first-time home buyers compared to other markets, and more buyers pay in cash. He said he sees buyers showing most interest in newer homes built in the past five to 10 years, as opposed to older homes.  

Cottrell said the condominium and townhome market has been an interesting one to watch in the last several years. Multiple listing service data shows condos and townhomes sold for $1.5 million to $1.99 million in Summit and Park counties rose 23.1 % compared to July last year. It also demonstrates condos and townhomes sold for $2 million to $2.49 million rose 54.8% compared to last July, and ones sold for $2.5 million to $4.9 million rose 48.4% compared to last July. 

While more condos and townhomes with higher price tags are selling compared to last year, the average spent in July 2025 in Summit County was $864,882. Multiple Listing Service data shows this is a decrease compared to July 2024, where the average was $920,246.

Cottrell said condos and townhomes are spending more time on the market compared to other property types, and this is because the area saw a decent amount come online in 2025. 

“There’s more items on the market, buyers have more time, but our prices in Summit at least are not like getting trashed,” she said. “Now, buyers are a lot more patient, so they don’t feel that urge of needing to buy a house right now. They’re more capable of taking a deep breath,” Lutz said.