The Colorado Springs Real Estate Market Insider Report for October 2018
According to the new data released by the Pikes Peak Association of REALTORS® for October 2018, the Colorado Springs real estate market is showing signs of a possible slow down.
The Bottom line:
October showed another drop in sales while our median sales price still increased by 8%. As sales continue to drop, the prices of homes will eventually drop as well. We are currently in the middle of a market shift from a seller's market to a buyer's market.
Let's take a look at the October 2018 real estate market for Colorado Springs:
October 2018 Colorado Springs Real Estate Statistics
- New Listings: 1,439 (Up +2.2% from last year)