April 2019 Monthly Market Statistics for Summit and Park County
Summit County, Co
Market Update Summit County April 2019
Park County, Co
Market Update Park County April 2019
Monthly Indicators
New Listings were down 10.5 percent for single family homes and 7.6 percent for townhouse-condo properties. Pending Sales landed at 103 for single family homes and 221 for townhouse-condo properties.
The Median Sales Price was up 60.1 percent to $935,000 for single family homes and 8.2 percent to $509,500 for townhouse-condo properties. Days on Market decreased 24.3 percent for single family homes but increased 20.8
percent for townhouse-condo properties.
Although hiring and wage gains have been below expectations, the national unemployment rate held firm at 3.8 percent. A historically low unemployment rate can provide reassurance to wary consumers. But in order for sales to increase on a grand scale, buyers will need more spending power, or sellers will need to reduce prices to land where buyers are most active. Neither situation is likely to occur in 2019, and yet inventory is straining to keep pace in the most competitive price ranges.
