There are currently 1229 active single family listings on the market in the Pikes Peak region compared to 1342 last year at this time, which is an 8.4% decrease. Fewer listings, creates more demand which is driving prices up and helping homes sell faster. New listings on the market are down 3.1%. The average sales price was up 9.9% to $331,104 in February and Sales were up 18.3%.
The median single family sales price was up 14.7% compared to Feb 2017 (same number of homes sold above as below).
There are 63 condo/townhomes on the market compared to 122 last year at this time. The median price for Condo/townhomes is up 13.8% to $204,750 and sales are up 11.1%.
Cumulative year to date sales for 2018 are up 10.3% and the average price is up 10.6%. Average Days on Market is 40.
Rates are 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.
Access Real Estate Professionals Inc.