Market Update Sept 2016
By Luther
October 11, 2016

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 to view all listings on the MLS

Luther Benson - Broker/Owner

26 Years of Experience

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