December 2018 Monthly Market Statistics for Summit and Park County
Summit County, Co
Market Update Summit County December 2018
Park County, Co
Market Update Park County December 2018
Monthly Indicators
New Listings were up 17.9 percent for single family homes and 1.1 percent for townhouse-condo properties. Pending Sales landed at 79 for single family homes and 147 for townhouse-condo properties.
The Median Sales Price was up 41.4 percent to $885,000 for single family homes and 7.2 percent to $520,000 for townhouse-condo properties. Days on Market decreased 11.7 percent for single family homes and 19.2 percent for
townhouse-condo properties.
Unemployment rates remained remarkably low again in 2018, and wages continued to improve for many U.S. households. It is generally good for all parties involved in real estate transactions when wages grow, but the percentage of increase, on average, has not kept pace with home price increases. This created an affordability crux in the second half of 2018. Housing affordability will remain an important storyline in 2019.
