The Colorado Springs Real Estate Market Report for April 2017
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 last year)
- Total Active Listings: 1,570 (Down -24.5% from last year)
- Median Sales Price: $275,000 (Up +10.9% from last year)
- Total Under Contract: 2,852 (Down -5.4% from last year)
- List To Sold Price Ratio: 100.1% (Up +0.4% from last year)
- Days on the Market: 28 Days (Down -22.2% from last year)
The Colorado Spring's Spring Real Estate Market is Taking Off!
Home buyers in Colorado Springs are feeling the pressure of an intense market. This market works well for the move up buyers selling below $500,000 and buying above $700,000, but the majority of home buyers are going to struggle to get a find a home in this low-inventory market. This is a crucial time to choose a great REALTOR to work with. They'll help you safely navigate this crazy real estate market to find your next home.
If you have any questions about buying or selling a home, please let us know. We're here to help whenever you need us. :)
These numbers cover all of Colorado Springs, CO and the surrounding areas, including Black Forest, Broadmoor, Briargate, Divide, Florissant, Fountain, Falcon, Gleneagle, Larkspur, Lake George, Manitou Springs, Monument, Northgate, Old Colorado City, Palmer Lake, Peyton, Powers, Rockrimmon, Security, Tri-Lakes, Widefield, Woodland Park, and Woodmoor areas. If you need a local Realtor to help you better understand these number, please contact us. We'd love to hear from you!
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Hi! I'm Andrew Fortune, the founder of Great Colorado Homes and the creator of much of the content on this website. Thanks for taking the time to read this article. Please feel free to share this article with someone who might benefit from it. I appreciate your time here on this site and am always open to suggestions and ideas from our readers. Feel free to leave a comment in the box below.
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