March2019 Monthly Market Statistics for Summit and Park County
Summit County, Co
Market Update Summit County March 2019
Park County, Co
Market Update Park County March 2019
Monthly Indicators
New Listings were down 29.6 percent for single family homes but increased 33.1 percent for townhouse-condo properties. Pending Sales landed at 96 for single family homes and 177 for townhouse-condo properties.
The Median Sales Price was up 11.6 percent to $689,893 for single family homes and 12.8 percent to $521,000 for townhouse-condo properties. Days on Market decreased 9.1 percent for single family homes but increased 14.5
percent for townhouse-condo properties.
The Federal Reserve recently announced that no further interest rate hikes are planned for 2019. Given the fact that the federal funds rate has increased nine times over the past three years, this was welcome news for U.S. consumers, which carry an approximate average of $6,000 in revolving credit card debt per household. Fed actions also tend to affect mortgage rates, so the pause in rate hikes was also welcome news to the residential real estate industry
