The Colorado Springs Real Estate Market Report for December 2017
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, 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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