There are currently 1342 active single family listings on the market in the Pikes Peak region compared to 1941 last year at this time, which is a 26.1% decrease. Fewer listings, creates more demand which is driving prices up and helping homes sell faster. New listings on the market are down 1.7%. The average sales price was up 10.4% to $301,385 in March and Sales are up 6.4%.
The median single family sales price is up 11.9% compared to March 2016 (same number of homes sold above as below).
There are 122 condo/townhomes on the market compared to 142 last year at this time. The median price for Condo/townhomes is up 7.2% to $180,000 and sales are up 37.4%.
Cumulative year to date sales for 2017 are up 2.2% over last year and the average price is up 11.5%.
With inventories so low homes are getting multiple bids for above full price. If you know someone that needs to sell and or buy have them call me right away! 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
27 Years of Experience
Over $85,000,000 sold
For a list of all available homes on the MLS go to:
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