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.
Access Real Estate Professionals Inc.