There were 39 homes that closed in Chaffee County throughout March, a 5% decrease year over year, but a 56% increase month over month. Throughout the month, 50 homes moved to the Pending status, 2% fewer year over year, but 25% more compared to last month.
MEDIAN CLOSED PRICES
Home prices in Chaffee county hit a median closed price of $628,000 in March, 31% higher year over year and a 16% increase month over month. Single-family homes closed for a median price of $628,000, a 27% increase compared to last year at this time and a 4% increase month over month. Condo/townhome/multi-family homes closed for a median price of $632,250, a 79% increase year over year and a 33% increase month over month. In March, the average Closed Price was $702,000, a 14% yearover-year increase and a 16% increase month over month.
Chaffee County had 53 new listings hit the market in March, 47% more year over year and only a 2% increase month over month. There were 59 active listings available at the end of the month, up 51% from last year and 16% more than last month, showing signs of increased inventory. There were 7 weeks of inventory in Chaffee County this month, 3 weeks fewer than last year at this time and 2 weeks fewer than last month.