There are currently 2538 active single family listings on the market in the Pikes Peak region compared to 3200 last year at this time which is a 21% decrease. Fewer listings, creates more demand which should help to drive prices up and help homes sell faster. New listings on the market are up 1.8%. The average sales price was up 9.3% to $259,352 in March. Sales are up 21.3%.
The median single family sales price is also up 7.1% compared to last year in March (same number of homes sold above as below).
There are 262 condo/townhomes on the market compared to 352 last year at this time. The average price for Condo/townhomes is up 2.4% to $153,200 and sales are up 64.1%.
Rates are incredibly low and prices are moving upward. This is a great time to sell and/or buy. It is also a great time to buy that investment property. Visit our website at www.lutherbenson.com to view all listings on the MLS or call us and we can create your own personalized home search!
Luther Benson - Broker/Owner
25 Years of Experience
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