May 2019 Monthly Market Statistics for Summit and Park County
Summit County, Co
Market Update Summit County May 2019
Park County, Co
Market Update Park County May 2019
Monthly Indicators
New Listings were up 8.9 percent for single family homes and 20.3 percent for townhouse-condo properties. Pending Sales landed at 130 for single family homes and 206 for townhouse-condo properties.
The Median Sales Price was down 2.3 percent to $781,500 for single family homes and 2.1 percent to $434,000 for townhouse-condo properties. Days on Market decreased 29.0 percent for single family homes and 8.3 percent for
townhouse-condo properties.
An extended trend of low unemployment, higher wages and favorable mortgage rates has been a terrific driver of housing stability in recent years. What is different about this year so far is that prices are not rising as quickly. Some of the hottest Western markets are even cooling slightly, while some Northeast markets are achieving a state of recovery after a decade of battling back from recession. As a whole, the selling season is looking fairly stable across the nation.
