There are currently 2080 active single family listings on the market in the Pikes Peak region compared to 2694 last year at this time, which is a 22.8% decrease. Fewer listings, creates more demand which is driving prices up and helping homes sell faster. New listings on the market are up 6.6%. The average sales price was up 3.4% to $248,050 in April. Sales are up 12.8%.
The median single family sales price is also up 3.4% compared to April 2015 (same number of homes sold above as below).
There are 160 condo/townhomes on the market compared to 281 last year at this time. The median price for Condo/townhomes is up 10.3% to $160,000 and sales are up 36.4%.
Cumulative year to date sales for 2016 are up 18.8% and the average price is up 6.1%. Average Days on Market is 36.
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
Luther Benson - Broker/Owner
26 Years of Experience
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