The Colorado Springs Real Estate Market Report for December 2016
According to the new data released by the Pikes Peak Association of REALTORS® for December 2016, the Colorado Springs real estate market is slowing down for the Winter but is still one of the busiest markets on record.
The Bottom line:
As our market slows down for Winter, but not as slow as expected. We still sold 8.7% more homes than we did last year at this time and last year was a record year. There is no slowing down this market right now!
Let's take a look at the December 2016 real estate market numbers for Colorado Springs:
December 2016 Colorado Springs Real Estate Statistics
- New Listings: 763 (Up -2.2% from last year)
- Sold Listings: 1,196 (Up +8.7% from last year)
- Total Active Listings: 1,236 (Down -11.6% from last year)
- Median Sales Price: $255,000 (Up +6.0% from last year)
- Total Under Contract: 1,729 (Up +3.3% from last year)
- List To Sold Price Ratio: 99.3% (Up +0.4% from last year)
- Days on the Market: 40 Days (Down 33% from last year)
The Colorado Springs Real Estate Market is Going Strong!
As we start the New Year after closing out a great 2016, we are blessed to have worked with so many great clients last year. Our predictions for 2017 are that the market will continue to escalate throughout the year and Sellers will see record prices on their home sales in 2017. We' are ready and prepared for the crazy 2017 real estate market in Colorado Springs. Bring it! :)
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.
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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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