December 2019 Real Estate Market Update for Summit and Park County, Colorado
Summit County, Co
Market Update Summit County December 2019
Park County, Co
Market Update Park County December 2019
Monthly Indicators
New Listings were down 15.2 percent for single-family homes but increased 35.5 percent for townhouse-condo properties. Pending Sales landed at 108 for single-family homes and 187 for townhouse-condo properties.
The Median Sales Price was up 8.8 percent to $927,000 for single-family homes but decreased 0.4 percent to $518,000 for townhouse-condo properties. Days on Market increased 12.5 percent for single-family homes and 60.3 percent for townhouse-condo properties.
With low mortgage rates, low unemployment, and continued wage growth, home buyer activity is expected to remain healthy into the new year. New construction has been on the rise in 2019 and is expected to continue into 2020, but many experts note that the country is still not building enough new units to quench the demand. It remains to be seen whether existing homeowners
will be enticed to sell by higher home prices, which could finally bring the overall
housing market into greater balance.
Activity Snapshot
| One-Year Change In Sold Listings All Properties |
One-Year Change In Median Sales Price All Properties |
One-Year Change In Active Listings All Properties |
| +38,3 % | – 10,9 % | -9,8 % |
Source: http://summit.stats.showingtime.com
