There are currently 2627 active single family listings on the market in the Pikes Peak region compared to 3134 last year at this time which is a 16% 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 15.5%. The average sales price was up 8.8% to $267,133 in Nov. Sales are up 4.2% compared to last November.
The median single family sales price is also up 9.6% compared to last year in November (same number of homes sold above as below).
There are 219 condo/townhomes on the market compared to 346 last year at this time. The average condo/townhome price is up 2.5%. The median price for Condo/townhomes is up 14.1% to $160,000 and sales are up 4.9%.
Cumulative year to date, sales are up 17.6% and the average price is up 7.1%.
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! Call my cell today! 719-310-2404