There are currently 2443 active single family listings on the market in the Pikes Peak region compared to 3215 last year at this time, which is a 24% decrease. Fewer listings, creates more demand which is driving prices up and helping homes sell faster. New listings on the market are up 4.2%. The average sales price was up 8.9% to $291,342 in September. Sales are up 16%.
The median single family sales price is up 10% compared to September 2015 (same number of homes sold above as below).
There are 221 condo/townhomes on the market compared to 277 last year at this time. The median price for Condo/townhomes is up 9.4% to $175,000 and sales are up 15.3%.
Cumulative year to date sales for 2016 are up 14.2% and the average price is up 5.7%.
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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