The Colorado Springs Real Estate Market Report for August 2017
The Bottom line:
August is the month when we see a typical shift from the Summer to Fall season. The Days on the Market and List to Sold Price Ration show the activity from all of the contracts written in the end of Summer, while the New Listing stat shows the slow down in current activity for the Fall season. It's the natural progression of our selling season, but our stats are still very impressive for this time of year.
Let's take a look at the August 2017 real estate market for Colorado Springs:
August 2017 Colorado Springs Real Estate Statistics
- New Listings: 1,716 (Up +8.1% from last year)
- Sold Listings: 1,658 (Up +12.5% from last year)
- Total Active Listings: 2,284 (Down -14.12% from last year)
- Median Sales Price: $282,750 (Up +6.3% from last year)
- Total Under Contract: 2,544 (Down -14.3% from last year)
- List To Sold Price Ratio: 100.2% (Up +0.8% from last year)
- Days on the Market: 24 Days (Down -14.4% from last year)
The Colorado Spring's Spring Real Estate Market is Slowing Down for Winter!
Our market changes dramatically from Summer to Winter. This can have many different affects on the local home buying and selling process. It's a crucial time to choose a great REALTOR to work with, and there are some really good ones in this city. 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. You can CLICK HERE to meet our REALTOR®.
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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