There are currently 2199 active single family listings on the market in the Pikes Peak region compared to 2385 last year at this time, which is a 7.8% decrease. Few listings creates higher demand and drives prices up. New listings on the market are down 1.7%. The average sales price was up 7.2% to $372,607 in July and sales were up 4.4%. There is a 1.3 month supply of homes on the market.

The median single family sales price is up 7.1% compared to July 2018 (same number of homes sold above as below).

There are 198 condo/townhomes on the market compared to 161 last year at this time, a 23% increase. The median price for condo/townhomes is up 4.8% to $228,000 and sales are up 7.2%.

Cumulative year to date sales for single family homes in 2019 so far are down .5% and the average price is up 4.9% over 2018, same period. Average sales price comparing the first 7 months this year to the first 7 months last year is $364,727.

Rates are still great and homes are selling fast. Contact me if you or someone you know are interested in a FREE market analysis or want to check out some available homes. 719-310-2404 luther@lutherbenson.com