The Colorado Springs Real Estate Market for July, 2015
We had 14.5% more homes under contract than this time last year, but that is only have as many as the previous months. We also had a 12.5% increase in new listings, which is balancing out our market.
Let's take a look at the July 2015 real estate market numbers for Colorado Springs:
July 2015 Colorado Springs Real Estate Statistics
- New Listings: 1,882 (Up +12.5% from last year)
- Sold Listings: 1,367 (Up +12.3% from last year)
- Total Active Listings: 2,371 (Up +14.5% from last year)
- Median Sales Price: $243,000 (Up +5.4% from last year)
- Total Under Contract: 2,372 (Up +14.5% from last year)
- List To Sold Price Ratio: 98.8% (Up +0.8% from last year)
- Days on the Market: 72 Days (Down 0.05% from last year)
Our Market Is Starting To Balance Out!
From January to June, the Colorado Springs market has continued to set records and grow at an alarming rate. July is finally starting to show some signs of market slow down. We now have more homes on the market than the previous 6 months. There are still a lot of home buyers putting in contracts which will continue to increase market activity, but the overall data points to a more balanced market than the previous past 6 months.
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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