There are currently 2694 active single family listings on the market in the Pikes Peak region compared to 3691 last year at this time which is a 27% 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 6.5%. The average sales price was up 10.1% to $235,000 in April. Sales are up 21.9%.
The median single family sales price is also up 10.3% compared to last year in April (same number of homes sold above as below).
There are 281 condo/townhomes on the market compared to 385 last year at this time. The average price for Condo/townhomes is up 8.6% to $166,814 and sales are up 37.2%.
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