Summit County Real Estate Market Update: July 2026

A Busy July in the High Country

July delivered one of the more interesting months our mountain market has seen this year. Activity picked up, prices moved higher, and inventory shifted in two different directions depending on what you were shopping for. Underneath the monthly headlines, the year to date numbers tell a steadier story.

Summit County recorded 42 single-family closings in July, up 5.0 percent from 40 last July, on 97 new listings, a 4.3 percent increase. Year to date, 198 single-family homes have sold compared to 207 last year, a 4.3 percent decline, with new listings at 458 versus 469, down 2.3 percent. Translation: July was a strong month inside a year running quieter than 2025.

Single-Family Market: Prices Up for the Month, Flat for the Year

The single-family median sale price came in at $1,875,000 in July, a 6.1 percent gain over July 2025. That is a healthy jump. But the year to date median tells a different softer story: $1,915,000 versus $1,905,942 last year, an increase of just 0.5 percent.

Why the gap? A single month in a market this size, a small market, is swayed heavily by which individual homes happen to close. Breckenridge is the clearest example. Its single-family median reached $3,045,250 in July, up 64.2 percent, on a cluster of high-end closings. Year to date, Breckenridge sits at $2,249,500, up a more modest 15.4 percent. July just happened to be when those high end listings closed. 

Average sale price behaved differently, coming in at $2,115,218 for July, up just 0.7 percent, while the year to date average of $2,375,065 is down 1.8 percent. When the median rises but the average falls, the very top of the market is usually thinner than it was.

Sellers are still doing well at the negotiating table, capturing 96.8 percent of list price in July against last July's 96.7 percent, with the year to date figure at 96.2 percent versus 96.4 percent. Days on market told the bigger story: 46 days in July compared to 32 a year ago, up 43.8 percent, and 78 days year to date versus 71, up 9.9 percent. Homes are selling, they are just taking longer.

Town by town, Silverthorne posted 14 closings at a $1,747,500 median, down 1.5 percent for the month and 10.6 percent year to date. Frisco saw seven closings at a $2,150,000 median, up 12.7 percent for the month and 14.5 percent year to date.

Townhomes and Condos: Fewer Sales, Higher Prices

The townhomes and condos segment produced the month's most dramatic numbers. Closings totaled 83, down 5.7 percent from 88 last July, while year to date volume has been remarkably stable at 477 sales versus 478, down just 0.2 percent.

Prices, on the other hand, moved sharply. The July median reached $935,000, up 19.9 percent, and the average sale price hit $1,234,162, a 43.2 percent surge. Year to date the gains are real but calmer: a $865,000 median (up 9.6 percent) and a $1,050,876 average (up 17.1 percent).

Keystone drove much of that, and it deserves a closer look. It recorded 21 townhome and condo closings in July at a $1,960,000 median, with year to date volume at 144 closings, up 39.8 percent.

Here is the important context. Thirteen of those 21 July closings were in the Kindred development, and they averaged $3,033,846. The other eight Keystone closings averaged $1,180,625, with a median of $865,000. That median lands right at the county's year to date condo median, which tells you something useful: outside of Kindred, a typical Keystone condo trades in line with the rest of Summit County.

Translation: Kindred is a new-construction story in one development, not evidence that every Keystone condo doubled in value. Anyone using Keystone's headline median to price a resale unit is working from the wrong number.

Other towns tell a calmer story. Frisco posted 13 closings at a $1,075,000 median with year to date volume up 34.0 percent, Silverthorne's condo median fell to $720,000, and Dillon came in at $688,750 for the month and $727,500 year to date, up 16.4 percent.

Days on market for townhomes and condos stretched to 100 days in July from 68, and to 84 days year to date from 69, up 21.7 percent. Sellers held pricing well, receiving 97.4 percent of list price both for the month and year to date.

Inventory and Supply: Two Markets, Two Directions

Single-family inventory tightened meaningfully. There were 290 active listings in July compared to 336 a year ago, a 13.7 percent decline, and months supply dropped to 7.9 from 10.3.  This is still a buyers' market but a softer one. 

Townhomes and condos moved the opposite way. Active inventory rose to 701 from 635, up 10.4 percent, with months supply increasing to 9.2 months from 8.6 months. Dillon saw its condo inventory jump 64.6 percent to 107 listings. This means that condo sellers lost a little more more negotiating room.  

Combined, the county had 991 active residential listings, only slightly above last July's 971. Both property types remain above the six-month mark that generally separates a buyer's market from a seller's market.

What This Means for Buyers

You have more time and leverage than the headline price numbers suggest. Homes are sitting longer, with single-family properties averaging 46 days in July and 78 year to date, and townhomes and condos averaging 100 days and 84. That is time to tour twice and negotiate thoughtfully.

The townhomes and condos side offers the widest selection, with 701 active listings and 9.2 months of supply. If you want a house rather than a condo, move faster. With 290 actives and 7.9 months of supply, single-family choices have narrowed from a year ago.

What This Means for Sellers

Pricing correctly matters more than it did last summer. Sellers are still capturing roughly 96 to 97 percent of list price, but only after longer marketing periods, which often include price drops. The properties that stall are almost always priced higher than they should be compared to recent sales, and Keystone owners very should be especially careful not to price against Kindred.

If you own a single-family home, reduced competition works in your favor. If you own a condo, you are competing against 701 other listings, so presentation and a realistic list price carry weight.

Looking Ahead

The fall shoulder season typically brings a slower pace before winter buyers arrive. With single-family supply tightening and condo supply expanding, the two halves of our market will likely keep diverging.

The mountain market rewards preparation over timing.

Data from Altitude MLS Inc. via the Colorado Association of REALTORS® and ShowingTime Plus, LLC. Report generated August 18, 2026. Activity for one month can look extreme due to small sample size.