The Colorado Association of Realtors (CAR) recently released its quarterly Residential Housing Report for the Mountain Region. The Report provided real estate market analysis for the first three months of 2013. The Colorado Mountain Region includes Garfield, Grand, Gunnison, Jackson, Pitkin, Routt, San Miguel and Summit counties.

In looking at the first quarter of 2013 in the Mountain Region, the market overview included the following statistics:

• New Listings decreased 12.6 percent to 941
• Pending Sales were down 1.5 percent to 579
• Inventory levels were at 3,033 units
• The Median Sales Price increased 20.3 percent to $428,750
• The average number of Days on Market was down 15.6 percent to 184 days
• The number of Months Supply of Inventory was at 15.0 months

To learn about real estate market conditions throughout the rest of Colorado, CAR created its own post on statewide quarterly real estate market statistics. CAR also uploaded complete Housing Reports for every region in Colorado. If you’re interested in buying a Summit County home, there are plenty of great opportunities available. Please don’t hesitate to contact Philip for help.

Summit County Condo Listings – Newly Added Within Last 7 Days

The market analysis information and representations regarding market analysis above are based in whole or in part on information provided by CAR. Although the information above is believed to be true and correct, the information cannot be guaranteed. Therefore, neither SummitRealtor.com nor CAR can in any way be held responsible for its accuracy. The data above does not reflect all real estate activity in the market.