December 2017 Colorado Springs Real Estate Statistics

Posted by Andrew Fortune on Friday, January 12th, 2018 at 1:28pm. 1,847 Views

December 2017 Colorado Springs Real Estate Market Statistics

 


The Colorado Springs Real Estate Market Report for December 2017

According to the new data released by the Pikes Peak Association of REALTORS® for December 2017, the Colorado Springs real estate market is hotter than ever.

The Bottom line:

As we finished out 2017 with another record year of home sales in Colorado Springs, our numbers for December show that 2018 may be even bigger!

Let's take a look at the December 2017 real estate market for Colorado Springs:

December 2017 Colorado Springs Real Estate Statistics

  • New Listings: 8,46 (Up +9.9% from last year)
  • Sold Listings: 1,206 (Up +2.5% from last year)
  • Total Active Listings: 1,350 (Down -12.2% from last year)
  • Median Sales Price: $285,000 (Up +10.6% from last year)
  • Total Under Contract: 1,588 (Down -8.2% from last year)
  • List To Sold Price Ratio: 99.4% (Up -0.1% from last year)
  • Days on the Market: 33 Days (Down -17.5% from last year)

The Colorado Spring's Real Estate Market has Slowed Down for Winter!

We had almost the same number of homes sold in December of last year as we did this year. The big factor that will determine our sale for 2018 will be inventory.We currently have 17.5% fewer homes for sale now than we did at this time last year. That means that this Summer's supply and demand is going to be even more intense than last year.

This is a predictable time of the year for the Colorado Springs real estate market. We typically sell twice as many homes in the Summer as in the Winter. 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, FlorissantFountain, Falcon, Gleneagle, Larkspur, Lake GeorgeManitou 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!

 

December 2017 Colorado Springs Real Estate Statistics

 


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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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2 Responses to "December 2017 Colorado Springs Real Estate Statistics"

Chad wrote: I have a friend that is looking to move to Colorado Springs. I heard that it is better to purchase a property in the winter months due to a slow down in home purchases. I am trying to figure out in the current market when would be the best time to purchase a home.

Posted on Friday, January 12th, 2018 at 2:52pm.

Bill wrote: We just closed on the financing of a beautiful home in Monument, CO on December 14. An absolutely gorgeous home. The Colorado Springs area is a true gem.

Posted on Monday, January 15th, 2018 at 2:54pm.

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