Monthly Indicators 2017 New Listings were up 6.3 percent for the category but decreased 33.1 percent for the category. Pending Sales increased 5.0 percent for but decreased 1.3 percent for. The Median Sales Price was up 2.8 percent to $730,000 for the category and 10.6 percent to $429,000 for the category. Days on Market decreased 5.8 percent for and 12.5 percent for. Monthly Snapshot + 12.9% - 20.5% - 3.5% One-Year in Closed Sales All Properties One-Year in Active Listings All Properties One-Year in Median Sales Price All Properties Residential real estate activity in Vail Board of REALTORS MLS, comprised of single-family homes, duplexes, townhomes and condominiums. Percent changes are calculated using rounded figures. Although the unemployment rate remains unchanged at its favorable national 4.3 percent rate, wage growth has not been rising at the steady clip that would be expected in an improving economy. Sales activity manages to keep churning along despite looming shortages in new construction. Lower price ranges are starting to feel the effects of the supply and demand gap, as first-time buyers scramble to get offers in at an increasing pace. Activity Overview Activity Overview New Listings Pending Sales Closed Sales Median Sales Price Average Sales Price Percent of List Price Received Days on Market Until Sale Housing Affordability Index Inventory of Active Listings Months Supply of Inventory All Properties Activity Overview Closed Sales and Inventory by Price Range Glossary of Terms 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Current as of August 6, 2017. All data from the Vail Board of REALTORS MLS. Report 2017 ShowingTime.
Activity Overview Key metrics for Single Family and properties by report month and for year-to-date (YTD) starting from the first of the year. Key Metrics Historical Sparkbars 7-2016 7-2017 Percent YTD 2016 YTD 2017 Percent New Listings 112 119 + 6.3% 658 676 + 2.7% Pending Sales 80 84 + 5.0% 388 427 + 10.1% Closed Sales 42 45 + 7.1% 294 346 + 17.7% Median Sales Price $710,000 $730,000 + 2.8% $681,188 $728,500 + 6.9% Average Sales Price $1,254,171 $1,137,544-9.3% $1,122,913 $1,394,596 + 24.2% Pct. of List Price Received 97.0% 96.3% - 0.7% 95.9% 96.2% + 0.3% Days on Market Until Sale 106 115 + 8.5% 138 145 + 5.1% Housing Affordability Index 52 49-5.8% 55 49-10.9% Inventory of Active Listings 616 528-14.3% -- -- -- Months Supply of Inventory 12.7 9.3-26.8% -- -- -- Current as of August 6, 2017. All data from the Vail Board of REALTORS MLS. Report 2017 ShowingTime. 2
Activity Overview Key metrics for Townhouse and properties by report month and for year-to-date (YTD) starting from the first of the year. Key Metrics Historical Sparkbars 7-2016 7-2017 Percent YTD 2016 YTD 2017 Percent New Listings 118 79-33.1% 609 567-6.9% Pending Sales 77 76-1.3% 407 429 + 5.4% Closed Sales 43 51 + 18.6% 368 370 + 0.5% Median Sales Price $388,000 $429,000 + 10.6% $485,000 $492,500 + 1.5% Avg. Sales Price $858,484 $766,971-10.7% $872,092 $975,021 + 11.8% Pct. of List Price Received 96.2% 97.5% + 1.4% 96.1% 96.6% + 0.5% Days on Market Until Sale 130 54-58.5% 165 131-20.6% Affordability Index 96 84-12.5% 77 73-5.2% Active Listings 530 384-27.5% -- -- -- Months Supply 9.2 6.3-31.5% -- -- -- Current as of August 6, 2017. All data from the Vail Board of REALTORS MLS. Report 2017 ShowingTime. 3
New Listings A count of the properties that have been newly listed on the market in a given month. Year to Date 122 119 118 671 658 676 112 586 609 98 567 79 2015 2016 2017 2015 2016 2017 2015 2016 2017 2015 2016 2017 + 37.1% -8.2% + 6.3% + 10.1% + 20.4% - 33.1% + 18.8% -1.9% + 2.7% + 8.1% + 3.9% -6.9% New Listings Aug-2016 88 +3.5% 68-31.3% Sep-2016 67-11.8% 56-6.7% Oct-2016 46-8.0% 38-34.5% Nov-2016 42 +13.5% 35-45.3% Dec-2016 49-16.9% 64 +14.3% Jan-2017 58 +38.1% 58-21.6% Feb-2017 67-2.9% 52-29.7% Mar-2017 108 +58.8% 111 +52.1% Apr-2017 73-7.6% 54-5.3% May-2017 110 +7.8% 80-9.1% Jun-2017 141-24.2% 133 +6.4% Jul-2017 119 +6.3% 79-33.1% 12-Month Avg 81 +0.3% 69-12.5% Historical New Listings by Month 200 175 150 125 100 75 50 25 Current as of August 6, 2017. All data from the Vail Board of REALTORS MLS. Report 2017 ShowingTime. 4
Pending Sales A count of the properties on which offers have been accepted in a given month. 93 80 84 75 77 76 Year to Date 403 427 429 407 368 2015 2016 2017 2015 2016 2017 2015 2016 2017 2015 2016 2017 + 57.6% - 14.0% + 5.0% + 7.1% + 2.7% -1.3% + 32.6% -3.7% + 10.1% + 1.7% + 10.6% + 5.4% 388 Pending Sales Aug-2016 86 +45.8% 104 +26.8% Sep-2016 69 +38.0% 75 +10.3% Oct-2016 44-26.7% 48-31.4% Nov-2016 36 +16.1% 40-16.7% Dec-2016 31 +63.2% 45 +18.4% Jan-2017 58 +87.1% 61 +52.5% Feb-2017 48 +14.3% 49-18.3% Mar-2017 55-16.7% 77 +30.5% Apr-2017 65 +16.1% 54-12.9% May-2017 67 +36.7% 48 +2.1% Jun-2017 50-21.9% 64 +3.2% Jul-2017 84 +5.0% 76-1.3% 12-Month Avg 58 +14.2% 62 +3.9% Historical Pending Sales by Month 120 100 80 60 40 20 0 Current as of August 6, 2017. All data from the Vail Board of REALTORS MLS. Report 2017 ShowingTime. 5
Closed Sales A count of the actual sales that closed in a given month. 75 61 45 42 43 51 Year to Date 346 323 331 294 2015 2016 2017 2015 2016 2017 2015 2016 2017 2015 2016 2017 + 70.5% - 44.0% + 7.1% + 24.5% - 29.5% + 18.6% + 21.9% -9.0% + 17.7% + 4.4% + 11.2% + 0.5% 368 370 Closed Sales Aug-2016 81 +22.7% 77 +30.5% Sep-2016 74-6.3% 85 +14.9% Oct-2016 88 +79.6% 83 +23.9% Nov-2016 53 +17.8% 70 +14.8% Dec-2016 41-12.8% 51-20.3% Jan-2017 34 +54.5% 37-26.0% Feb-2017 33 +32.0% 43 +30.3% Mar-2017 65 +182.6% 45-30.8% Apr-2017 38-29.6% 58 +13.7% May-2017 58-15.9% 68 +3.0% Jun-2017 73 +23.7% 68 +13.3% Jul-2017 45 +7.1% 51 +18.6% 12-Month Avg 57 +17.8% 61 +6.2% Historical Closed Sales by Month 100 80 60 40 20 0 Current as of August 6, 2017. All data from the Vail Board of REALTORS MLS. Report 2017 ShowingTime. 6
Median Sales Price Point at which half of the sales sold for more and half sold for less, not accounting for seller concessions, in a given month. Year to Date $710,000 $730,000 $728,500 $681,188 $650,000 $600,000 $550,000 $485,000 $492,500 $429,000 $399,000 $388,000 2015 2016 2017 2015 2016 2017 2015 2016 2017 2015 2016 2017 + 7.6% + 18.3% + 2.8% -6.6% -2.8% + 10.6% + 8.5% + 4.8% + 6.9% + 3.8% - 11.8% + 1.5% Historical Median Sales Price by Month $2,000,000 Median Sales Price Aug-2016 $790,000 +12.9% $456,000 +21.6% Sep-2016 $998,293 +42.6% $509,900 +3.8% Oct-2016 $820,000 +27.1% $455,000-2.2% Nov-2016 $795,000 +20.5% $535,000 +1.1% Dec-2016 $899,000 +40.5% $550,000 +4.3% Jan-2017 $782,500 +33.2% $505,000-23.8% Feb-2017 $605,000 +19.7% $540,000 +3.6% Mar-2017 $768,000 +3.4% $495,000-16.1% Apr-2017 $850,000 +6.5% $475,000-13.6% May-2017 $828,750 +30.8% $590,000 +46.6% Jun-2017 $604,701-23.3% $465,000-2.3% Jul-2017 $730,000 +2.8% $429,000 +10.6% 12-Month Avg* $785,000 +15.3% $490,000 +3.2% * Median Sales Price for all properties from August 2016 through 2017. This is not the average of the individual figures above. $1,750,000 $1,500,000 $1,250,000 $1,000,000 $750,000 $500,000 $250,000 Current as of August 6, 2017. All data from the Vail Board of REALTORS MLS. Report 2017 ShowingTime. 7
Average Sales Price Average sales price for all closed sales, not accounting for seller concessions, in a given month. Year to Date $1,254,171 $1,370,529 $1,394,596 $1,137,544 $1,052,552 $1,122,913 $858,484 $975,021 $934,026 $766,971 $872,092 $683,392 2015 2016 2017 2015 2016 2017 2015 2016 2017 2015 2016 2017 + 24.0% + 19.2% -9.3% - 24.6% + 25.6% - 10.7% + 4.5% - 18.1% + 24.2% - 13.4% -6.6% + 11.8% Historical Average Sales Price by Month $3,000,000 Avg. Sales Price Aug-2016 $1,163,455-5.6% $598,711 +3.2% Sep-2016 $1,770,456 +30.7% $808,131 +14.3% Oct-2016 $1,160,271 +10.4% $715,113-35.1% Nov-2016 $1,048,411-11.3% $706,751-21.9% Dec-2016 $1,942,058 +103.4% $811,996-22.3% Jan-2017 $2,674,251 +207.6% $812,851-8.7% Feb-2017 $1,188,117 +38.0% $1,049,403 +4.9% Mar-2017 $1,239,762 +1.3% $998,289-2.1% Apr-2017 $1,654,329 +26.7% $1,056,535 +14.7% May-2017 $1,375,052 +33.3% $1,134,004 +60.8% Jun-2017 $1,068,579-5.9% $928,354 +19.3% Jul-2017 $1,137,544-9.3% $766,971-10.7% 12-Month Avg* $1,383,716 +20.1% $850,256-2.4% * Avg. Sales Price for all properties from August 2016 through 2017. This is not the average of the individual figures above. $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 Current as of August 6, 2017. All data from the Vail Board of REALTORS MLS. Report 2017 ShowingTime. 8
Percent of List Price Received Percentage found when dividing a property s sales price by its most recent list price, then taking the average for all properties sold in a given month, not accounting for seller concessions. 97.0% 97.0% 96.3% 97.1% 96.2% 97.5% + 1.7% 0.0% -0.7% + 0.8% -0.9% + 1.4% + 0.2% + 0.1% + 0.3% + 1.2% 0.0% + 0.5% Historical Percent of List Price Received by Month 100.0% 2015 2016 2017 Year to Date 95.8% 95.9% 96.2% 96.1% 96.1% 96.6% 2015 2016 2017 2015 2016 2017 2015 2016 2017 Pct. of List Price Received Aug-2016 96.8% -0.2% 96.8% +0.3% Sep-2016 96.0% +0.3% 96.6% -0.6% Oct-2016 95.4% +0.2% 96.5% +0.8% Nov-2016 96.2% +2.6% 96.0% +0.5% Dec-2016 94.6% +2.2% 95.8% +0.4% Jan-2017 96.3% +1.0% 96.6% +0.5% Feb-2017 95.5% 0.0% 96.7% +1.2% Mar-2017 95.4% +1.0% 96.0% -0.1% Apr-2017 97.4% +1.4% 97.0% +1.4% May-2017 96.3% +0.2% 95.7% -1.0% Jun-2017 96.6% +0.8% 96.7% +0.8% Jul-2017 96.3% -0.7% 97.5% +1.4% 12-Month Avg* 96.1% +0.6% 96.5% +0.4% * Pct. of List Price Received for all properties from August 2016 through 2017. This is not the average of the individual figures above. 95.0% 90.0% 85.0% 80.0% 75.0% 70.0% Current as of August 6, 2017. All data from the Vail Board of REALTORS MLS. Report 2017 ShowingTime. 9
Days on Market Until Sale Average number of days between when a property is listed and when an offer is accepted in a given month. Year to Date 130 130 167 165 115 152 145 106 138 131 83 54 Historical Days on Market Until Sale by Month 500 2015 2016 2017 2015 2016 2017 2015 2016 2017 2015 2016 2017-24.5% + 27.7% + 8.5% -7.8% 0.0% - 58.5% -1.2% - 17.4% + 5.1% - 26.2% + 8.6% - 20.6% Days on Market Aug-2016 117 +17.0% 100 +11.1% Sep-2016 172 +39.8% 178 +83.5% Oct-2016 95-34.5% 122-39.9% Nov-2016 158 +32.8% 164 +30.2% Dec-2016 176-0.6% 193-27.2% Jan-2017 171 +22.1% 165-19.9% Feb-2017 212 +45.2% 182 +26.4% Mar-2017 124-34.0% 132-19.0% Apr-2017 151-5.6% 177 +22.1% May-2017 146-3.3% 139-1.4% Jun-2017 138 +32.7% 91-56.7% Jul-2017 115 +8.5% 54-58.5% 12-Month Avg* 134 +5.4% 161-13.0% * Days on Market for all properties from August 2016 through 2017. This is not the average of the individual figures above. 400 300 200 100 0 Current as of August 6, 2017. All data from the Vail Board of REALTORS MLS. Report 2017 ShowingTime. 10
Housing Affordability Index This index measures housing affordability for the region. For example, an index of 120 means the median household income is 120% of what is necessary to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability. Year to Date 77 73 96 90 65 84 55 55 49 60 52 49 Historical Housing Affordability Index by Month 120 2015 2016 2017 2015 2016 2017 2015 2016 2017 2015 2016 2017-1.6% - 13.3% -5.8% + 12.5% + 6.7% - 12.5% -3.5% 0.0% - 10.9% + 1.6% + 18.5% -5.2% Affordability Index Aug-2016 47-7.8% 82-14.6% Sep-2016 37-28.8% 73-1.4% Oct-2016 46-17.9% 83 +6.4% Nov-2016 45-18.2% 67-1.5% Dec-2016 38-33.3% 63-8.7% Jan-2017 44-27.9% 68 +25.9% Feb-2017 58-20.5% 65-7.1% Mar-2017 46-6.1% 71 +14.5% Apr-2017 42-8.7% 75 +11.9% May-2017 43-25.9% 61-33.0% Jun-2017 59 +25.5% 77-1.3% Jul-2017 49-5.8% 84-12.5% 12-Month Avg* 46-10.4% 55 +11.7% * Affordability Index for all properties from August 2016 through 2017. This is not the average of the individual figures above. 100 80 60 40 20 0 Current as of August 6, 2017. All data from the Vail Board of REALTORS MLS. Report 2017 ShowingTime. 11
Inventory of Active Listings The number of properties available for sale in active status at the end of a given month. 600 616 528 548 530 384 2015 2016 2017 2015 2016 2017 + 4.7% + 2.7% - 14.3% + 1.5% -3.3% - 27.5% Active Listings Aug-2016 592-2.8% 475-13.8% Sep-2016 547-9.1% 439-15.3% Oct-2016 503-9.2% 414-12.8% Nov-2016 467-12.1% 393-16.6% Dec-2016 440-16.5% 375-19.0% Jan-2017 419-17.4% 362-25.1% Feb-2017 426-17.3% 356-27.0% Mar-2017 467-6.0% 380-21.0% Apr-2017 437-9.9% 346-22.2% May-2017 456-11.1% 352-23.6% Jun-2017 518-14.0% 404-19.7% Jul-2017 528-14.3% 384-27.5% 12-Month Avg 483-11.6% 390-20.3% Historical Inventory of Active Listings by Month 1,000 900 800 700 600 500 400 300 Current as of August 6, 2017. All data from the Vail Board of REALTORS MLS. Report 2017 ShowingTime. 12
Months Supply of Inventory The inventory of homes for sale at the end of a given month, divided by the average monthly closed sales from the last 12 months. 12.5 12.7 10.1 9.3 9.2 6.3 Historical Months Supply of Inventory by Month 40.0 2015 2016 2017 2015 2016 2017-4.6% + 1.6% - 26.8% -7.3% -8.9% - 31.5% Months Supply Aug-2016 11.9-4.0% 8.0-21.6% Sep-2016 11.1-5.9% 7.3-24.0% Oct-2016 9.6-11.9% 6.7-25.6% Nov-2016 8.8-15.4% 6.3-27.6% Dec-2016 8.4-19.2% 6.1-28.2% Jan-2017 7.8-22.0% 6.0-31.0% Feb-2017 7.9-22.5% 5.8-34.1% Mar-2017 8.1-19.0% 6.4-22.9% Apr-2017 7.7-19.8% 5.8-23.7% May-2017 8.2-15.5% 5.9-23.4% Jun-2017 9.1-22.9% 6.7-21.2% Jul-2017 9.3-26.8% 6.3-31.5% 12-Month Avg 9.0-16.9% 6.4-26.1% * Months Supply for all properties from August 2016 through 2017. This is not the average of the individual figures above. 30.0 20.0 10.0 0.0 Current as of August 6, 2017. All data from the Vail Board of REALTORS MLS. Report 2017 ShowingTime. 13
All Properties Activity Overview Key metrics for All Properties by report month and for year-to-date (YTD) starting from the first of the year. Key Metrics Historical Sparkbars 7-2016 7-2017 Percent YTD 2016 YTD 2017 Percent New Listings 230 198-13.9% 1,271 1,246-2.0% Pending Sales 157 160 + 1.9% 795 857 + 7.8% Closed Sales 85 96 + 12.9% 662 716 + 8.2% Median Sales Price $606,500 $585,000-3.5% $586,500 $605,000 + 3.2% Average Sales Price $1,054,000 $940,677-10.8% $983,484 $1,177,776 + 19.8% Pct. of List Price Received 96.6% 96.9% + 0.3% 96.0% 96.4% + 0.4% Days on Market Until Sale 118 82-30.5% 153 138-9.8% Housing Affordability Index 61 62 + 0.6% 63 60-6.0% Inventory of Active Listings 1,150 914-20.5% -- -- -- Months Supply of Inventory 10.8 7.7-28.7% -- -- -- Current as of August 6, 2017. All data from the Vail Board of REALTORS MLS. Report 2017 ShowingTime. 14
Closed Sales Actual sales that have closed in a given month. By Price Range All Properties Rolling 12 Months 7-2016 7-2017 By Property Type 7-2016 7-2017 205 146 453 557 274 308 127 145 73 97 48 46 70 82 20 31 4 10 580 683 693 736 1,274 1,422-28.8% + 23.0% + 12.4% + 14.2% + 32.9% - 4.2% + 17.1% + 55.0% + 150.0% + 17.8% + 6.2% + 11.6% < $300K $300K to $599K $600K to $999K $1.0M to $1.4M $1.5M to $1.9M $2.0M to $2.5M $2.5M to $4.9M $5.0M to $9.9M $10.0M+ Singe Family- All Properties Rolling 12 Months Compared to Prior Month Year to Date By Price Range 7-2016 7-2017 7-2016 7-2017 6-2017 7-2017 6-2017 7-2017 YTD 2015 YTD 2016 YTD 2015 YTD 2016 $299,999 and Below 67 53-20.9% 137 90-34.3% 4 1-75.0% 10 8-20.0% 39 26-33.3% 65 52-20.0% $300,000 to $599,999 172 197 + 14.5% 281 360 + 28.1% 32 15-53.1% 33 26-21.2% 84 116 + 38.1% 149 160 + 7.4% $600,000 to $999,999 150 184 + 22.7% 124 124 0.0% 19 15-21.1% 10 8-20.0% 79 83 + 5.1% 63 66 + 4.8% $1,000,000 to $1,499,999 69 81 + 17.4% 58 64 + 10.3% 6 6 0.0% 7 3-57.1% 33 35 + 6.1% 36 31-13.9% $1,500,00 to $1,999,999 43 63 + 46.5% 30 34 + 13.3% 4 3-25.0% 4 3-25.0% 27 28 + 3.7% 20 15-25.0% $2,000,000 to $2,499,999 25 23-8.0% 23 23 0.0% 1 1 0.0% 2 1-50.0% 9 15 + 66.7% 12 17 + 41.7% $2,500,000 to $4,999,999 41 49 + 19.5% 29 33 + 13.8% 5 2-60.0% 0 2 -- 16 24 + 50.0% 19 22 + 15.8% $5,000,000 to $9,999,999 11 24 + 118.2% 9 7-22.2% 1 2 + 100.0% 1 0-100.0% 6 13 + 116.7% 4 6 + 50.0% $10,000,000 and Above 2 9 + 350.0% 2 1-50.0% 1 0-100.0% 1 0-100.0% 1 6 + 500.0% 0 1 -- All Price Ranges 580 683 + 17.8% 693 736 + 6.2% 73 45-38.4% 68 51-25.0% 294 346 + 17.7% 368 370 + 0.5% Inventory of Active Listings A measure of the number of homes available for sale at a given time. By Price Range All Properties 7-2016 7-2017 By Property Type 7-2016 7-2017 54 20 201 149 194 177 165 117 129 102 85 71 191 157 96 93 35 28 616 528 530 384 1,150 914-63.0% - 25.9% - 8.8% - 29.1% - 20.9% - 16.5% - 17.8% - 3.1% - 20.0% - 14.3% - 27.5% - 20.5% < $300K $300K to $599K $600K to $999K $1.0M to $1.4M $1.5M to $1.9M $2.0M to $2.5M $2.5M to $4.9M $5.0M to $9.9M $10.0M+ Singe Family- All Properties Year over Year Compared to Prior Month Year to Date By Price Range 7-2016 7-2017 7-2016 7-2017 6-2017 7-2017 6-2017 7-2017 $299,999 and Below 25 9-64.0% 26 9-65.4% 6 9 + 50.0% 9 9 0.0% $300,000 to $599,999 57 55-3.5% 144 94-34.7% 56 55-1.8% 116 94-19.0% $600,000 to $999,999 106 102-3.8% 88 75-14.8% 98 102 + 4.1% 72 75 + 4.2% $1,000,000 to $1,499,999 99 80-19.2% 66 37-43.9% 76 80 + 5.3% 37 37 0.0% $1,500,00 to $1,999,999 67 53-20.9% 62 49-21.0% 50 53 + 6.0% 49 49 0.0% $2,000,000 to $2,499,999 51 40-21.6% 34 31-8.8% 45 40-11.1% 29 31 + 6.9% $2,500,000 to $4,999,999 126 108-14.3% 65 49-24.6% 111 108-2.7% 50 49-2.0% $5,000,000 to $9,999,999 58 59 + 1.7% 38 34-10.5% 55 59 + 7.3% 35 34-2.9% $10,000,000 and Above 27 22-18.5% 7 6-14.3% 21 22 + 4.8% 7 6-14.3% All Price Ranges 616 528-14.3% 530 384-27.5% 518 528 + 1.9% 404 384-5.0% There are no year-to-date figures for inventory because it is simply a snapshot frozen in time at the end of each month. It does not add up over a period of months. Current as of August 6, 2017. All data from the Vail Board of REALTORS MLS. Report 2017 ShowingTime. 15
Glossary of Terms A research tool provided by the Colorado Association of REALTORS New Listings A measure of how much new supply is coming onto the market from sellers. Pending Sales A count of all the listings that went into Pending during the reported period. Pending listings are counted at the end of the reported period. Each listing can only be counted one time. If a listing goes into Pending, out of Pending, then back into Pending all in one reported period, this listing would only be counted once. This is the most real-time measure possible for home buyer activity, as it measures signed contracts on sales rather than the actual closed sale. As such, it is called a "leading indicator" of buyer demand. Closed Sales A measure of home sales that were closed to completion during the report period. Median Sales Price A measure of home values in a market area where 50% of activity was higher and 50% was lower than this price point. Average Sales Price A sum of all home sales prices divided by total number of sales. Percent of List Price Received A mathematical calculation of the percent difference from last list price and sold price for those listings sold in the reported period. Days on Market Until Sale A measure of how long it takes homes to sell, on average. Housing Affordability Index A measure of how affordable a region s housing is to its consumers. A higher number means greater affordability. The index is based on interest rates, median sales price and average income by county. Inventory of Active Listings A measure of the number of homes available for sale at a given time. The availability of homes for sale has a big effect on supply-demand dynamics and home prices. Months Supply of Inventory A measure of how balanced the market is between buyers and sellers. It is expressed as the number of months it would hypothetically take to sell through all the available homes for sale, given current levels of home sales. A balanced market ranges from 4 to 7 months of supply. A buyer's market has a higher number, reflecting fewer buyers relative to homes for sale. A seller's market has a lower number, reflecting more buyers relative to homes for sale. Current as of August 6, 2017. All data from the Vail Board of REALTORS MLS. Report 2017 ShowingTime. 16