There are currently 2780 active single family listings on the market in the Pikes Peak region compared to 3409 last year at this time, which is an 18.5% decrease. Fewer listings, creates more demand which is driving prices up and helping homes sell faster. New listings on the market are up 2.7%. The average sales price was up 6.8% to $294,162 in June. Sales are up 8.6%.
The median single family sales price is up 6% compared to July 2015 (same number of homes sold above as below).
There are 220 condo/townhomes on the market compared to 300 last year at this time. The median price for Condo/townhomes is up 6.6% to $185,685 and sales are up 22.7%.
Cumulative year to date sales for 2016 are up 10.9% and the average price is up 6.1%.
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
Luther Benson - Broker/Owner
26 Years of Experience
For a list of all available homes on the MLS go to:
Learn the 7 most costly mistakes buyers and sellers make:
The highest form of compliment I can receive is your trust by referring me to your family, friends and co-workers. I promise to provide exceptional service, respect and care to you or anyone you may refer.