There are currently 2889 active single family listings on the market in the Pikes Peak region compared to 4009 last year at this time which is a 27.9% decrease. 2631 homes were under contract scheduled to close at the end of May Fewer listings, creates more demand which should help to drive prices up and help homes sell faster. New listings on the market are down 2.5%. The average sales price was up 13.9% to $276,946 in April. Sales are up 24.3%.
The median single family sales price is also up 12.4% compared to last year in May (same number of homes sold above as below).
There are 286 condo/townhomes on the market compared to 425 last year at this time. The media price for Condo/townhomes is up 4% to $156,000 and sales are up 43.8%.
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