The Colorado Springs Real Estate Market Report for August 2018
The Bottom line:
August showed a 7.8% drop in sales, while also showing a 10.3% increase in the median home price. The national real estate market appears to be slowing down, but our local housing demand is keeping home prices high in our area.
Let's take a look at the August 2018 real estate market for Colorado Springs:
August 2018 Colorado Springs Real Estate Statistics
- New Listings: 1,786 (Down +4.0% from last year)
- Sold Listings: 1,529 (Down -7.8% from last year)
- Total Active Listings: 2,416 (Up +5.5% from last year)
- Median Sales Price: $315,000 (Up +10.3% from last year)
- List To Sold Price Ratio: 99.5% (Down +0.7% from last year)
- Days on the Market: 26 Days (Up 7.7% from last year)
The Colorado Spring's Real Estate Market Appears To Be Shifting.
We have had a lower number of sales in the Pike's Peak area for 7 out of the last 7 months. 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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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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