Call Me Today: 719-660-9058

Colorado Springs Market Information

Home inventory levels have decreased by 29% for the month of March when compared to six months ago. Home inventory continues to remain low which is great for sellers but creates a housing shortage for buyers.

When compared to March 2017, there were 83 more homes for sale and 16 additional home sales in March 2017.  There continues to be competition among home buyers in the current real estate market especially in the lower price ranges due to the low home inventory in Colorado Springs.

For March, Single Family Home Inventory in the Pikes Peak MLS was sitting at 1.1 months (compared to 1.1 months in February). Looking at statistics over the past six months (all price ranges), we are also at 1.2 months of inventory.

The months of home inventory continues to be favorable in Colorado Springs. There is a balanced market in Colorado Springs when inventory sits at 6 months. The real estate market continues to look good for sellers in Colorado Springs.

 

**Information gathered from the Pikes Peak MLS is deemed reliable but not guaranteed


 

Home sales increased in El Paso County by 30% for the month of March when compared to the previous month of February. Compared this time last year, single family home sales are nearly 13% lower.

There were 16 additional single family home sales in March 2017. Compared to the previous month of February, the average sales price ($340,594) and median sales price ($300,000) increased. Last March, the average sales price was $295,828 and the median sales price was $268,000. Competition among home buyers remains fierce in the current real estate market; many sellers are receiving multiple offers and selling their homes within days of putting them on the market.

 

**Information gathered from the Pikes Peak MLS is deemed reliable but not guaranteed