In February 25 homes Closed in Chaffee County, a decrease of 38% year over year and a 34% decrease month over month. Throughout the month, 42 homes moved to the Pending status, 5% fewer year over year, but 31% more compared to last month.
MEDIAN CLOSED PRICES
Home prices in Chaffee county hit a median closed price of $542,500 in February, a 5% increase year over year and a 7% decrease month over month. Single-family homes closed for a median price of $605,000, 5% higher than last year at this time and unchanged month over month. Condo/townhome/multi-family homes closed for a median price of $474,500, a 2% decrease year over year and a 19% increase month over month. In February, the average Closed Price was $604,820, a 10% year-over-year increase, but a 1% decrease month over month.
Chaffee County had 52 new listings hit the market in February, a 2% increase year over year and a 63% increase month over month. Inventory remained a challenge in February
with 51 Active listings, down 4% from last year, but 59% more than last month. Weeks of inventory currently stands at 9 weeks in Chaffee County, 3 weeks fewer than last year at this time and 3 weeks fewer than last month.
MEDIAN DAYS IN MLS
In February, Chaffee County homes moved off the market quickly, spending a median of only 5 days actively available for sale in the MLS, unchanged from last year and only one day fewer month over month. Chaffee County homes spent an average of 29 days in the MLS, 15 days fewer year over year, but 8 days more compared to last month.