There are currently 2660 active single family listings on the market in the Pikes Peak region compared to 3378 last year at this time, which is an 21.3% decrease. Fewer listings, creates more demand which is driving prices up and helping homes sell faster. New listings on the market are up 2.4%. The average sales price was up 8.2% to $295,877 in August. Sales are up 5%.
The median single family sales price is up 9.7% compared to August 2015 (same number of homes sold above as below).
There are 233 condo/townhomes on the market compared to 295 last year at this time. The median price for Condo/townhomes is up 13.5% to $169,600 and sales are up 32.1%.
Cumulative year to date sales for 2016 are up 13.4% and the average price is up 5.3%.
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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