July 2019 Monthly Market Statistics for Summit and Park County
Summit County, Co
Market Update Summit County July 2019
Park County, Co
Market Update Park County July 2019
Monthly Indicators
New Listings were up 39.6 percent for single family homes and 39.8 percent for townhouse-condo properties. Pending Sales landed at 188 for single family homes and 260 for townhouse-condo properties.
The Median Sales Price was down 4.7 percent to $756,750 for single family homes but increased 11.2 percent to $532,500 for townhouse-condo properties. Days on Market increased 32.1 percent for single family homes
and 10.3 percent for townhouse-condo properties.
During the record-setting 121-month economic expansion, the unemployment rate has dropped from 10.0 percent in 2009 to 3.7 percent, yet many consumers continue to struggle financially. Low mortgage interest rates have helped offset low housing affordability, but high home prices are outpacing median household income growth. In a move to stoke continued economic prosperity, the Federal Reserve reduced the benchmark interest rate by a quarter point to about 2.25 percent, marking the first reduction in more than a
decade.
