Market Upate 5/2013
By Luther
June 6, 2013

The number of homes sold was up 20.4% in May. There are currently 3645 active single family listings on the market in the Pikes Peak region compared to 3605 last year at this time a 1.1% increase. New listings on the market were up 16.2%. The average sales price is up 7.1% to $249,700.

The median single family sales price is up 2.5% compared to last year in May (same number of homes sold above as below).

There are currently 424 active condo/townhomes listings on the market compared to 427 last year at this time which is a .7% decrease. Sales were up 20% compared to last May. The average purchase price for condo/townhomes was up 35.2% to $195,894.

Our year to date average increase in sales so far is 24% and the average purchase price increased 7.1% over last year during the first trimester.