The Colorado Springs Real Estate Market Report for April 2017
According to the new data released by the Pikes Peak Association of REALTORS® for April 2017, the Colorado Springs real estate market is slowing due to a lack of inventory.
The Bottom line:
April was another month of fewer listings and more sales. Our sales appear to be slowing down though as our inventory shrinks. This is the first time we have had an average List Price to Sales Price ratio over 100%. It's a tough market for home buyers.
Let's take a look at the April 2017 real estate market numbers for Colorado Springs:
April 2017 Colorado Springs Real Estate Statistics
- New Listings: 1,817 (Down +6.9% from last year)
- Sold Listings: 1,309 (Up +3.2% from