The Beginning of Fall

fall version II

You can tell Fall is around the corner.  Kids are back to school.  The nights are cooler now.  The morning sun rises a little later.  Soon leaves will turn their brilliant shades of gold and yellow.  What does this change of season mean for the housing market?  Well, historically Fall means a slower pace for home sales.  When families are focused on school and holidays and cooler weather, home sales usually diminish.

 

However, with 2015 being a record year for housing, it will be interesting to see just how quiet the Fall season is this year.  Here is a snapshot of what we saw through the end of August in the Pikes Peak area housing market:

*Home Sales January to August          UP 20% from last year

*Average Sales Price of a home          UP 7% from last year

*Condo/Townhome Sales January to August       UP 35% from last year

*Average Sales Price of a condo/townhome        UP 3% from last year

*Total Homes for Sale (inventory)     DOWN 17% from last year

*Total Condos/Townhomes for sale   DOWN 26% from last year

See how Q2 2015 wrapped up in our market report.

 

 

 

17650 Shahara Rd. 5-Acres
Labor Day weekend 2015