Construction workers continue to make progress on the Lena Street Commons project in Ridgway on Tuesday. Several buyers are under contract with the mixed-use development north of the Ridgway Public Library, which features three-bedroom townhomes starting at $855,000. Ouray County Realtors say they expect housing prices to continue to rise this year, due in large part to shrinking inventory. Erin McIntyre â Ouray County Plaindealer
Realtors expect higher prices, fewer sales
High prices and low inventory have defined Ouray County’s real estate market for the last two years, and while the number of sales is likely to drop, those factors aren’t likely to change in 2022.
Local Realtors anticipate prices continuing to rise, barring any radical, unexpected changes.
“We are at the whims of the greater economy, that’s the big thing that none of us can predict,” said Marc Hitchcox, a Realtor with NextHome Virtual. “I think that this year will be a lot like last ye...
