MEDIAN CLOSED PRICES
Chaffee County home prices continued to see record highs in October. The Median Closed Price hit $560,000, an increase of 20% from last year, but an 8% decrease compared to last month. Median Single-Family Residential prices saw a 28% increase year over year and the median price for Condo/Townhome/ Multi-Family properties was 24% higher than last year. The Average Closed Price for a Chaffee County home was $624,160 in October, a 21% year-over-year increase, but a 10% decrease month over month.
There were 52 New Listings to hit the market throughout October, 11% more than last October and 16% more than last month. The month ended with 62 Active Listings of homes for sale in Chaffee County, 15% fewer than last October and 13% fewer than last month. In Chaffee County, there were 6 weeks of inventory available in October, 2 weeks more than last October and unchanged compared to last month.
MEDIAN DAYS IN MLS
Homes were only on the market for a median of 9 days in October. This is 21 days fewer than October 2020 and 4 days more than last month. Chaffee County homes spent an average of 20 days Active in the MLS, 67 days fewer than last year and 1 day more month over month.