Why record-low snowpack is slowing Colorado mountain home sales
Colorado's mountain real estate markets are experiencing uncertainty due to record-low snowpack, economic concerns, and rising inventory. Despite this, homes priced correctly are still selling, with some areas like Steamboat Springs seeing a surge in sales and others like Vail facing challenges due to drought.
Colorado's mountain real estate markets started 2026 with uncertainty. Prices have dipped and inventory has grown. The median home price in Summit and Park counties is $1.3 million. Steamboat Springs saw a jump in single-family sales, with 13 homes sold in February. Vail faces its lowest snowpack in 47 years, straining tourism and small businesses. Grand County's median home values have dropped slightly, with buyers having more options and room to negotiate.
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