The Colorado Springs Real Estate Market Report for January 2016
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.
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