There are currently 1570 active single family listings on the market in the Pikes Peak region compared to 2080 last year at this time which is a 24.5% decrease. Fewer listings, creates more demand which should help to drive prices up and help homes sell faster. New listings on the market were down 6.9%. The average sales price was up 13.4% to $311,829 in April. Sales are up 3.2%. 1309 homes sold in the Pikes Peak region in April.
The median single family sales price is also up 10.9% compared to April 2016 (same number of homes sold above as below).
There are 111 condo/townhomes on the market compared to 160 last year at this time. The median price for Condo/townhomes is up 18.8% to $190,000 and sales are up 17.6%.
Cumulative year to date: sales for 2017 are up 2.5% and the average price is up 12.1%. Average Days on Market is 28.
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