With only 1.5 months of inventory, Durango remains a seller's market. Home prices have decreased 43.5% in the past month. At the current pace, all available homes in Durango would sell out in just 1.5 months, indicating a continued supply shortage. Homes are now taking an average of 30 days to sell, significantly longer than the 13 days typical for this market. A significant 23.5% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 13.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Durango market with the affordability index at 125.2. Based on current market indicators, home prices in Durango are projected to increase by approximately 22.2% over the next month.