The Colorado Springs Real Estate Market Report for December 2015
The Bottom line:
Our Days on the Market is down to 60, which is the lowest it has been in years. This is due to a steady increase in home sales for the past year, all while our inventory has slowly depleted. It looked liked more homes were going to be coming on the market with November's data, but December still shows signs that there are many more homes being bought than currently being listed for sale. This is what creates a strong seller's market.
Let's take a look at the December 2015 real estate market numbers for Colorado Springs:
December 2015 Colorado Springs Real Estate Statistics
- New Listings: 722 (Up +12.5% from last year)
- Sold Listings: 1,105 (Up +21.0% from last year)
- Total Active Listings: 2,133 (Down -18.0% from last year)
- Median Sales Price: $239,900 (Up +7.3% from last year)
- Total Under Contract: 1,690 (Up +23.9% from last year)
- List To Sold Price Ratio: 98.8% (Up +0.6% from last year)
- Days on the Market: 60 Days (Down 39.8% from last year)
The Colorado Springs Real Estate Market is Strong!
December was another busy month for Colorado Springs real estate sellers. We had 21% more homes sold than last December, but only 12% more homes listed. We are already at record low inventory for our market, so every month that we have more homes sell than list is a push towards a low inventory sellers market in 2016. We also had 23% more homes under contract this December than last December, which means that January will most likely repeat the same pattern.
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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