August 2016 Colorado Springs Real Estate Statistics
Posted by Andrew Fortune on Saturday, September 3rd, 2016 at 3:46pm. 4,013 Views
The Colorado Springs Real Estate Market Report for August 2016
According to the new data released by the Pikes Peak Association of REALTORS® for August 2016, the Colorado Springs real estate market is showing signs of slowing down for the Fall, but is still very busy.
The Bottom line:
August had similar numbers to July. The biggest number is the median home value for August was almost 10% higher than the previous year. 10% is a huge jump for the median home price in one year.
Let's take a look at the August 2016 real estate market numbers for Colorado Springs:
August 2016 Colorado Springs Real Estate Statistics
- New Listings: 1,595 (Up +.0.3% from last year)
- Sold Listings: 1,452 (Up +4.8% from last year)
- Total Active Listings: 2,660 (Down -21.53% from last year)
- Median Sales Price: $265,500 (Up +8.9% from last year)
- Total Under Contract: 2,826 (Up +18.9% from last year)
- List To Sold Price Ratio: 99.4% (Up +0.8% from last year)
- Days on the Market: 28 Days (Down 61% from last year)
The Colorado Springs Real Estate Market is Going Strong!
August is showing a predictable drop in sales as we are at the end of Summer. Our inventory is still very low though, which is causing the median home sale price to keep rising. We need more homes on the market to meet the extreme buyer demand!
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.
Click any of the links below to view the newest listed homes within that criteria.
Popular Colorado Springs Real Estate Searches
(Click Any Address To View The 3D Tour)
Hi There! I'm 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 leave a comment in the message box below, or to share this article on social media 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 contact me anytime at andrew@greatcoloradohomes.com.
More Articles for Home Buyers
More Articles For Homes Sellers
Contact Us
Our Most Recent Blog Posts:
Try Our Custom Home Search Tool
With more search options than any other local website.
Explore Local Areas
Here's a quick list of homes for sale in all the local areas and neighborhoods.
Meet our REALTORS®
Meet some of the best REALTORS® in Colorado Springs and Woodland Park.
2 Responses to "August 2016 Colorado Springs Real Estate Statistics"
Posted on Tuesday, October 18th, 2016 at 5:09am.
Thank you so much.
Posted on Wednesday, September 7th, 2016 at 1:45am.