Real estate market ‘balanced’

By scott miller

EAGLE COUNTY — Area real estate brokers have been saying for some time now that the local market is “balanced.” But what does that really mean?A look at some of the latest data from the Vail Board of Realtors provides some insight. Here are a few factors:Days on the marketIn August of this year, a home that sold had spent an average of 110 days on the market. That’s an average, though. Some homes — particularly those priced at $500,000 or less, moved from listing to closing more quickly. Homes in the higher end of the market — $3 million …

Source:: Vail Daily Feed