November 2018 Monthly Market Statistics for Summit and Park County
Summit County, Co
Market Update Summit County November 2018
Park County, Co
Market Update Park County November 2018
Monthly Indicators
New Listings were up 10.5 percent for single family homes and 1.1 percent for townhouse-condo properties. Pending Sales landed at 126 for single family homes and 180 for townhouse-condo properties.
The Median Sales Price was up 5.4 percent to $630,000 for single family homes but decreased 0.9 percent to $450,000 for townhouse-condo properties. Days on Market decreased 24.4 percent for single family homes but increased 50.0 percent for townhouse-condo properties.
The Bureau of Labor Statistics recently reported that the national unemployment rate was at 3.7 percent. Low unemployment has helped the housing industry during this extensive period of U.S. economic prosperity.
Home buying and selling activity relies on gainful employment. It also relies on demand, and builders are showing caution by breaking ground on fewer single family home construction projects in the face of rising mortgage rates and fewer showings.
