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September, 2018

One year change in new listings remained flat at 102 units.

One year change in sold listings decreased 22.9% to 81 units.

Inventory levels increased 13.7%.

One year change in median sold price increased 1.6% with a median sales price of $185,000.00.

Days on Market was down 25.8% to 69 days.

Month supply of inventory was 4.6 months.

 

 

July, 2018

One year change in new listings decreased 14.3% to 114 units.

One year change in sold listings increased 19.2% to 87 units.

Prices continued to gain traction.

Inventory levels shrank 6.3% to 358 units.

One year change in median sold price increased 22.9% with a median sales price of $215,000.00.

Days on Market was down 10% to 81 days.

Month supply of inventory was 4.2 months.

Consumer spending on home goods and renovations are up, and more people are entering the workforce.  Employed people spending money is good for the housing market.  Meanwhile, GDP gowth was 4.1% in the second quarter, the strongest showing since 2014.  Housing starts are down, but that is more reflective of low supply than anything else.  With the growing economy, solid lending practices and the potential for improved inventory from new listing and building activity, market balance is more than likely than a bubble.

 

 

May, 2018

One year change in new listings decreased 6.7% to 125 units.

One year change in sold listings decreased 5.9% to 95 units.

Inventory levels shrank 5% to 322 units.

Prices are a tad soft.

One year change in median sold price down 7.1% with a median sales price of $195,000.00.

Days on Market was 93 days.

Month supply of inventory was 3.7 months.

Although home sales may actually drop in year over year comparisons over the next few months, that has to do more with low inventory than lack of buyer interest.

 

 

April, 2018

One year change in new listings decreased 11.5% to 116 units.

One year change in sold listings increased 13.9% to 90 units.

Inventory levels shrank 4.6% to 313 units.

Prices continued to gain traction.

The median sales price increased 14.4% to $193,410.00.

Days on Market was down 9.7% to 112 days.

Month supply of inventory was down 5.3% to 3.6 months.

Being quick with an offer is still the rule as well as pending rate increases.

 

 

March, 2018

One year change in new listings decreased 8.6% to 106 units.

One year change in sold listings decreased 22.8% to 71 units.

Inventory levels shrank 4.7% to 302 units.

Prices continued to gain traction.

The Median sales price increased 5.6% to $171,000.00.

Days on Market was down 28.8% to 89 days.

Month supply of inventory was down 2.8% to 3.5 months.

The Federal Reserve raised its key short term interest rate by .25% in March.  It is the 6th rate increase since December, 2015.  At least 2 more increases are expected this year.  Although mortgage rates have risen to their highest point in 4 years, they have been quite low for several years.

 

 

December, 2017

One year change in new listings increased 12.7% to 62 units.

One year change in sold listings increased 10.9% to 71 units.

Inventory levels shrank 19.4% to 291 units.

Prices continued to gain traction.

The median sales price increased 7.8% to $170,000.00.

Days on Market was down 26.8% to 104 days.

Month supply of inventory was down 21.4% to 3.3 months.

Housing demands remained incredibly strong in 2017 even with higher mortgage rates that are likely to increase further in 2018.  Realtors remain cautously optimistic for the year ahead.

 

 

October, 2017

One year change in new listings decreased 19.6% to 74 units.

One year change in sold listings increased 52.2% to 102 units.

Inventory levels shrank 15.5% to 338 units.

Prices continued to gain traction.

The median sales price decreased to $176,500.00.

Days on Market was down 18.1% to 104 days.

Month supply of inventory was down 19.1% to 3.8 months.

Low affordability has become a recent topic and worth watching.  Sellers will be hard pressed to lower prices.

 

 

September, 2017

One year change in active listings decreased 1% to 98 units.

One year change in sold listings increased 8.2% to 105 units.

Inventory levels shrank 10.2% to 387 units.

Prices continued to gain traction.

The median sales price increased 19.7% to $182,000.00.

Days on Market was down 31.6% to 93 days.

Month supply of inventory was down 6.1% to 4.6 months.

 

 

 

Statistics based on year over year changes.  These Royal Gorge Association of Realtors statistics compiled by the Colorado Assocation of Realtors.