We’ve heard for some time that inventory is tight in the Eagle County real estate market. But the local market continues to shatter records. How is that happening?
The market through the first four months of this year is running well ahead of 2019, the full year before the COVID-19 pandemic essentially wiped out the second quarter of 2020.
Despite the talk about low inventory, deals are still being completed at a pace nearly equal to that of the second half of 2020. The second half of that year took the county’s real estate market to record highs in both transactions and dollar volume.
That strong activity has left the valley’s formal inventory low — as measured via property for sale in the county’s Multiple Listing Service.
Dan Fitchett, the Vail Valley Managing Broker for LIV Sotheby’s International Realty, said the activity is driven in large part by changing tactics used by brokers.