February 2017 Colorado Springs Real Estate Statistics

Posted by Andrew Fortune on Saturday, March 4th, 2017 at 3:42pm. 2,962 Views

February 2017 Colorado Springs Real Estate Market Report

 


The Colorado Springs Real Estate Market Report for February 2017

According to the new data released by the Pikes Peak Association of REALTORS® for February 2017, the Colorado Springs real estate market is ramping up and appears to be on track to set new records this year.

The Bottom line:

This is the first month in many months that we have seen a decrease in the amount of homes sold and an increase in the amount of homes listed, in comparison to the previous year.

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

February 2017 Colorado Springs Real Estate Statistics

  • New Listings: 1,273 (Up +1.1% from last year)
  • Sold Listings: 800 (Down -8.1% from last year)
  • Total Active Listings: 1,342 (Down -23.9% from last year)
  • Median Sales Price: $255,000 (Up +5.9% from last year)
  • Total Under Contract: 2,254 (Up +1.1% from last year)
  • List To Sold Price Ratio: 99.5% (Up +0.6% from last year)
  • Days on the Market: 41 Days (Down 31.7% from last year)

The Colorado Springs Real Estate Market is Headed for Another Crazy Year!

Homebuyer demand is still at an all-time high in Colorado Springs, while the supply is at an all-time low. This is creating many multiple offer situations and tough markets for buyers in the low price ranges where there is less inventory. We're on track for another record year like last year. A potential rise in interest rates is really the main deciding factor on our housing market this year.

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!

 

January 2017 Colorado Springs Real Estate Statistics for July 2016

 


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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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4 Responses to "February 2017 Colorado Springs Real Estate Statistics"

Gabe Sanders wrote: Your Colorado Springs real estate market is doing very well. Thanks for the thorough report.

Posted on Saturday, March 11th, 2017 at 1:27pm.

David Zitting wrote: Colorado is definitely an up and coming real estate market. Nice report!

Posted on Thursday, March 23rd, 2017 at 8:35pm.

Home Buyer wrote: Thank you for this informative article, this is going to be helpful

Posted on Tuesday, April 4th, 2017 at 7:57pm.

Mike wrote: Colorado springs is definitely the best real estate market.Great analysis and statistics.

Posted on Thursday, April 6th, 2017 at 8:30am.

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