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January 2019 HOUSING STATISTICS
New Listings were up 0.6 percent for single family-patio homes but decreased 7.0 percent for townhouse-condo properties. Pending Sales increased 4.6 percent for single family-patio homes and 18.7 percent for townhouse-condo properties. The Median Sales Price was up 3.0 percent to $303,900 for single family-patio homes and 4.6 percent to $204,000 for townhouse/condo properties. Days on Market increased 20.5 percent for single family homes and 53.3 percent for townhouse-condo properties. While the home affordability topic will continue to set the tone for the 2019 housing market, early signs point to an improving inventory situation, including in several markets that are beginning to show regular year-over-year percentage increases. As motivated sellers attempt to get a jump on annual goals, many new listings enter the market immediately after the turn of a calendar year. If home price appreciation falls more in line with wage growth, and rates can hold firm, consumer confidence and affordability are likely to improve.
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|Number of Homes Sold||794||- 148|
|Percent (%) of Homes Sold vs Total Homes Listed||71.9||- 0.1|
|Medium Sales Price||$304,250||+ $4,250|
|Average Sales Price||$342,283||+ $5,043|
|Average Days on Market||45||+ 8|
|Percent (%) of Sold Price vs List Price||99.3||- 0.1|
|Inventory Homes for Sale||36||46|
|Months Supply of Inventory||1.0||1.1|
|Inventory Homes for Sale||113||124|
|Months Supply of Inventory||.06||0.7|
|Up to $199,999||27||- 18|
|$200,000 - $299,000||349||- 69|
|$300,000 - $399,000||252||- 49|
|$400,000 - $499,000||83||- 4|
|$500,000 - $599,000||41||- 10|
|$600,000 - $799,000||27||- 1|
|$800,000 - $999,000||9||+ 4|
|$1,000,000 - $1,999,000||6||- 1|
"Based on information from the Pikes Peak REALTOR® Services Corp. ("RSC"), for the period 1/31/2019 through 1/31/2019. RSC does not guarantee or is in any way responsible for its accuracy. Data maintained by RSC may not reflect all real estate activity in the market."