It’s a Wrap! 2025 Year End Bray Report

Overall, 2025 ended comparable to, but slightly ahead of, 2024 in terms of units sold, total volume, and building permits. There were 2,825 residential units sold in 2025, representing $1.31B in total volume. This reflects a 5.1% increase from the 2,688 units sold in 2024 and a 7.7% increase from the $1.22B of inventory sold last year. The North area saw the highest number of sales in 2025 with 388 properties sold, followed by Grand Junction City with 375 sales and the Northeast area with 369 sales. The Northeast area in the $300,000 to $400,000 price range had the highest concentration of sales with 161 transactions, followed closely by the City in the same price range with 152 sales.

The median days on market increased 7%, rising from 59 days in 2024 to 63 days in 2025. Median price continued to stay near the $400,000 range, with a slight increase of less than 1% to $402,900 across the entire market in 2025. The average price was $464,000, showing that there are more high-priced homes pulling the average up, while lower-priced homes are closer to the median. The most expensive home sold in 2025 was a 10,000+ square foot luxury property on 1.49 acres in the Redlands, which sold for $5M in August.

At the end of 2025, there were a total of 600 active properties on the market. This is an increase of 12% and 63 properties compared to the 537 active properties at the end of 2024 and an increase of 39% compared to the 455 active properties at the end of 2023. Looking at 2025 as a whole, however, the year-end total of 600 active listings represents a 13.5% decrease from the 694 listings in November 2025 and a 27% decline from the peak of 822 active properties recorded in August 2025. While seasonality does impact active inventory, the difference between August and December was only 10% in 2024 and 7% in 2023, making the 2025 shift more notable.

Building permits in 2025 came in just below 2024 totals, with 687 permits pulled compared to 689 in 2024. December was a strong month for permits, with 66 permits issued compared to 47 in November and in particular with the City Limits of Grand Junction where the number of permits pulled in December were almost double of what was pulled in November. This notable increase could be due in fact to the new impact fees set by the City that went into effect on January 1^st, 2026.  While permit activity remains below the peak levels seen in 2021, 2025 totals are comparable to 2019 and 2022 and significantly higher than the 507 permits pulled in 2023. The increase in permit activity suggests greater stability in the building market compared to 2023, a year when many builders and buyers paused to adjust to higher interest rates. At this point, most participants have adapted to this new normal, and despite ongoing discussions about potential rate decreases, the desire to build appears stronger than the desire to wait.