The Colorado Springs Real Estate Market Insider Report: January 2020
The Bottom line:
Our market is being squeezed by the lack of available homes for sale. With inventory so low and demand so high, we're going to see record sales prices this year.
Let's take a look at the January 2020 real estate market for Colorado Springs:
January 2020 Colorado Springs Real Estate Statistics
- New Listings: 1,333 (Up +6.6% from last year)
- Sold Listings: 916 (Up +1.6% from last year)
- Total Active Listings: 1,190 (Down -26.4% from last year)
- Median Sales Price: $336,795 (Up +11.0% from last year)
- List To Sold Price Ratio: 99.9% (Up +0.8% from last year)
- Days on the Market: 30 Days (Down -42.1% from last year)
The Colorado Spring's Real Estate Market is Starting the Year Strong!
Colorado Springs is experiencing its typical seasonal slow down for the Winter months. Overall, our local real estate market is doing extremely well though. We've been on a steady 10-year price increase and it doesn't appear to be slowing down anytime soon. It's still a sellers market in most neighborhoods and areas.
Based on information from the Pikes Peak REALTOR® Services Corp. ("RSC"), for the period January 1, 2020 through January 31, 2020. RSC does not guarantee or is in any way responsible for its accuracy. Data maintained by RSC may not reflect all real estate activity in the market.
Hi! I'm Andrew Fortune, 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 share this article 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 leave a comment in the box below.
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