There are currently 1941 active single family listings on the market in the Pikes Peak region compared to 2538 last year at this time, which is a 23.5% decrease. Fewer listings, creates more demand which is driving prices up and helping homes sell faster. New listings on the market are up 10.3%. The average sales price was up 3.3% to $268,010 in March. Sales are up 16.2%.
The median single family sales price is also up 6.4% compared to March 2015 (same number of homes sold above as below).
There are 142 condo/townhomes on the market compared to 262 last year at this time. The median price for Condo/townhomes is up 12.9% to $161,404 and sales are up 2.6%.
Cumulative year to date sales for 2016 are up 22.4% and the average price is up 4.3%. Average Days on Market is 47.
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
Luther Benson - Broker/Owner
25 Years of Experience
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