December 2015 Colorado Springs Real Estate Statistics

Posted by Andrew Fortune on Tuesday, January 12th, 2016 at 9:07am. 2,368 Views

November 2015 Colorado Springs Real Estate Market Report

 


The Colorado Springs Real Estate Market Report for December 2015

According to the new data released by the Pikes Peak Association of REALTORS®, the Colorado Springs real estate market is showing signs that 2016 is going to be even more aggressive than 2015 was.

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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September 2015 Colorado Springs Real Estate Statistics for June 2015

 

Andrew FortuneHi 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.



 

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