The Edwards, CO metro area housing market is currently experiencing a significant shift, characterized by declining sales prices and a notable increase in the Months of Supply. The Median Sales Price has decreased to $849,000, marking a substantial year-over-year decline of 33.7%. This drop in sales price contrasts with the Median List Price, which has risen by 13.0% to $1,695,000, indicating a potential disconnect between seller expectations and buyer willingness.

The median Price Per Square Foot has also seen a sharp decline, falling by 30.8% to $699.72. Meanwhile, the Median List Price per square foot has decreased by 7.4% to $858.82. These figures suggest that while sellers are listing properties at higher prices, the actual sales are occurring at significantly lower price points, reflecting a market correction.

In terms of sales activity, the number of Homes Sold has decreased by 30.1% year-over-year, with only 79 Homes Sold in February 2025. Pending Sales have also declined by 17.4%, totaling 100. New Listings have dropped by 22.0% to 99, and inventory has decreased by 10.6% to 386 homes. Despite the reduced inventory, the Months of Supply have increased dramatically by 110.0% to 4.9 months, indicating a slower market with more available options for buyers.

The Median Days on Market have increased by 16.0% to 48 days, suggesting that homes are taking longer to sell. The average sale to list ratio has slightly decreased by 0.3% to 95.7%, and the percentage of Homes Sold above list price has fallen by 1.8% to 8.9%. These metrics indicate that buyers are negotiating more aggressively, and fewer homes are achieving their list prices.

Price Drops have become more common, with 18.1% of listings experiencing reductions, up by 5.9% year-over-year. Additionally, the percentage of homes going off the market within two weeks has decreased by 3.4% to 33.0%, further highlighting the cooling market conditions.

Overall, the Edwards, CO metro area housing market is undergoing a period of adjustment, with declining sales prices and increased supply suggesting a shift towards a more balanced market. Buyers may find more opportunities to negotiate, while sellers may need to adjust their expectations to align with current market realities.