November 2019 Monthly Market Statistics for Summit and Park County
Summit County, Co
Market Update Summit County November 2019
Park County, Co
Market Update Park County November 2019
Monthly Indicators
New Listings were down 7.1 percent for single-family homes and 14.3 percent for townhouse-condo properties. Pending Sales landed at 145 for single-family homes and 248 for townhouse-condo properties.
The Median Sales Price was up 1.3 percent to $648,125 for single-family homes and 16.7 percent to $520,000 for townhouse-condo properties. Days on Market increased 66.7 percent for single-family homes but increased 23.7 percent for townhouse-condo properties.
While many economic signs are quite strong, total household debt has been rising for twenty-one consecutive quarters and is now $1.3 trillion higher than the previous peak of $12.68 trillion in 2008. While delinquency rates remain low across most debt types (including mortgages), higher consumer debt loads can limit future household spending capability and increase risk if the economy slows down.
