Market Update Sept 2017
By Luther
October 6, 2017

There are currently 2145 active single family listings on the market in the Pikes Peak region compared to 2443 last year at this time, which is a 12% decrease. Fewer listings, creates more demand which is driving prices up and helping homes sell faster. New listings on the market are up 3.4%. The average sales price was up 6.3% to $309,698 in September and Sales are up 9.3%.

The median single family sales price is up 4.2% compared to September 2016 (same number of homes sold above as below).

There are 112 condo/townhomes on the market compared to 221 last year at this time. The median price for Condo/townhomes is up 12.6% to $197,000 and sales are up 20.4%.

Cumulative year to date sales for 2017 are up 7.1% and the average price is up 9.9%. Average Days on Market is 26.

Luther Benson

Access Real Estate Professionals Inc.