The Colorado Springs Real Estate Market for August, 2015
We had 19.7% more homes sold than this time last year. That's a HUGE increase. There are also 17.8% fewer listings on the market than this time last year. This means that we are still in a STRONG SELLER'S MARKET.
Let's take a look at the August 2015 real estate market numbers for Colorado Springs:
August 2015 Colorado Springs Real Estate Statistics
- New Listings: 1,558 (Up +9.6% from last year)
- Sold Listings: 1,383 (Up +19.7% from last year)
- Total Active Listings: 3,387 (Up +17.8% from last year)
- Median Sales Price: $241,468 (Up +4.8% from last year)
- Total Under Contract: 2,214 (Up +12.7% from last year)
- List To Sold Price Ratio: 98.8% (Up +0.8% from last year)
- Days on the Market: 72 Days (Down 13.3% from last year)
It's Still A Strong Seller's Market!
August was another busy month for Colorado Springs real estate sales. We had increased sales numbers, with decreased available inventory. The total properties under contract dropped from last month, indicating the normal seasonal slowdown, but still 12.7% higher than 2014's numbers. The overall days on the market is lower, due to decreased inventory. Overall, the numbers indicate that it is still a great time to be a home seller in Colorado Springs.
These numbers cover all of Colorado Springs, CO and the surrounding areas, including Black Forest, Broadmoor, Briargate, Fountain, Falcon, Gleneagle, Larkspur, Manitou Springs, Monument, Northgate, Old Colorado City, Palmer Lake, Peyton, Powers, Rockrimmon, Security, Tri-Lakes, Widefield, Woodland Park, and Woodmoor areas.
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