August, 2020 MARKET UPDATE
One year change in active listings decreased 49.6%.
One year change in sold listings increased 20.5%.
Inventory levels shrank 53.1%.
One year change in median sold price increased 24.4% with a median sales price of $283,700.
Days on Market was up 30.3% to 116 days.
Month supply of inventory was down 53.1% to 2.3 months.
As we look towards the fall, we normally see housing activity begin to slow a bit as the back-to-school season begins, but this year is far from normal. While uncertainty remains on what effects the upcoming elections and any seasonal resurgence of COVID-19 may have on the financial and housing markets, the healthy housing demand we see today will create significant tailwinds in the near term.
Contact me for your FREE market analysis, to find an experience Realtor in your area or to begin a property search for you!
Statistics based on year over year changes. These Royal Gorge Association of Realtors statistics compiled by the Colorado Assocation of Realtors.