There are currently 1849 active single family listings on the market in the Pikes Peak region compared to 1885 last year at this time, which is a 1.9% decrease. New listings on the market are up 1.6%. The average sales price was up 4.6% to $372,146 in May and Sales were down .3%.
The median single family sales price is up 3.8% compared to May 2018 (same number of homes sold above as below).
There is a 1 month supply of homes on the market.
There are 163 condo/townhomes on the market compared to 110 last year at this time, a 50% increase.
The median price for Condo/townhomes is up 11.3% to $246,435 and sales are down 4%.
Cumulative year to date sales for single family homes in 2019 so far are down .6% and the average price is up 4.8% over 2018, same period.
Rates are stable and prices are moving up. 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 or call us and we can create your own personalized home search! Call my cell today! 719-310-2404