There are currently 1371 active single family listings on the market in the Pikes Peak region compared to 1454 last year at this time, which is a 5.7% decrease. Fewer listings, creates more demand which is driving prices up and helping homes sell faster. New listings on the market are down .1%. The average sales price was up 15.1% to $340,598 in March and Sales were down 1.3%.
The median single family sales price was up 11.9% compared to March 2017 (same number of homes sold above as below).
There are 97 condo/townhomes on the market compared to 139 last year at this time. The median price for Condo/townhomes is up 20.5% to $208,546 and sales are down 17.8%.
Cumulative year to date sales for 2018 are up 5.4% and the average price is up 12.5%. Average Days on Market is 28.
Rates are still 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.
Access Real Estate Professionals Inc.