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Monthly Market Indicator

Real estate market indicator

Summit & Park County Monthly Market Indicator – April 2016

New Listings were down 22.9 percent for single family homes but increased 8.2 percent for townhouse-condo properties. Pending Sales landed at 139 for single family homes and 211 for townhouse-condo properties.

The Median Sales Price was down 5.7 percent to $532,500 for single family homes and 4.5 percent to $326,000 for townhouse-condo properties. Days on Market decreased 12.9 percent for single family homes and 57.7 percent for condo properties.

There have been no striking changes to curtail what should be a decent run of home sales over the next several months. Mortgage rates have remained stubbornly and wonderfully low, the unemployment rate has remained at or near 5.0 percent for eight straight months and wages have increased for a great many people. New construction has been slow, and that may be a damper on sales, but the general outlook remains strong.

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