January 2016 Colorado Springs Real Estate Statistics

Posted by Andrew Fortune on Saturday, February 6th, 2016 at 12:39pm. 2,872 Views

January 2016 Colorado Springs Real Estate Market Report

 


The Colorado Springs Real Estate Market Report for January 2016

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:

This is the first time in several months that we have seen more homes come on the market, than sold. Hopefully this is an indicator of a much needed boost to our housing inventory.

Let's take a look at the January 2016 real estate market numbers for Colorado Springs:

January 2016 Colorado Springs Real Estate Statistics

  • New Listings: 1113 (Up +34.7% from last year)
  • Sold Listings: 849 (Up +25.1% from last year)
  • Total Active Listings: 1,923 (Down -22.2% from last year)
  • Median Sales Price: $237,000 (Up +1.8% from last year)
  • Total Under Contract: 1,981 (Up +14.5% from last year)
  • List To Sold Price Ratio: 98.7% (Up +0.6% from last year)
  • Days on the Market: 60 Days (Down 43.4% from last year)

The Colorado Springs Real Estate Market is Strong!

January is usually the slowest month for real estate sales in Colorado Springs, but it was still 25% busier than this time last year. We are finally starting to see an increase in new listings by 34% over last year. This is very good news for homebuyers who have been struggling to find the right house because there have been so few homes on the market. Our hope is that this is an indicator of a more balanced market as we move into 2016.

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.

 

January 2016 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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5 Responses to "January 2016 Colorado Springs Real Estate Statistics"

Estate Photography wrote: This looks like a good start for 2016!

Posted on Monday, February 8th, 2016 at 5:33am.

Mark Henry wrote: Thanks Andrew for sharing information along with the price details. Colorado is really a nice place to get settle. I visit the site http://beachfrontpropertieshiltonheadisland.com/ and found good information about Hemilton Hills. I think this may help if some one is thinking about Colorado and Hemilton.

Posted on Saturday, February 13th, 2016 at 10:39am.

Innovative Estates wrote: Thanks for this update. Its a very useful blog for the information about Real Estate. Keep on working!!

Posted on Monday, February 22nd, 2016 at 9:11pm.

Mark wrote: Looks like a lot of people are still wanting to move to Colorado... I wonder why? ;)

Posted on Friday, February 26th, 2016 at 6:48pm.

Michael Karppe wrote: We are seeing the same growth in Florida. It appears that lenders are doing a good job approving good buyers and avoiding the bubble.

Posted on Monday, February 29th, 2016 at 6:15pm.

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