There are currently 2162 active single family listings on the market in the Pikes Peak region compared to 2639 last year at this time, which is an 18% decrease. Fewer listings, creates more demand which is driving prices up and helping homes sell faster. New listings on the market are up 10.8%. The average sales price was up 10.6% to $326,263 in June and Sales are up 5.6%.
The median single family sales price is up 8.7% compared to June 2016 (same number of homes sold above as below).
There are 161 condo/townhomes on the market compared to 204 last year at this time. The median price for Condo/townhomes is up 5.9% to $180,000 and sales are up 21.6%.
Cumulative year to date sales for 2017 are up 4.5% and the average price is up 11.4%. Average Days on Market is 28.