The Colorado Springs Real Estate Market Report for July 2017
The Bottom line:
July was another month of low inventory and increased sales prices. Our median sales price is over 10% higher than this time last year. As this strong seller's market continues, home prices continue to rise in the area.
Let's take a look at the July 2017 real estate market for Colorado Springs:
July 2017 Colorado Springs Real Estate Statistics
- New Listings: 1,943 (Up +0.06% from last year)
- Sold Listings: 1,646 (Up +10.8% from last year)
- Total Active Listings: 2,366 (Down -14.9% from last year)
- Median Sales Price: $285,000 (Up +10.7% from last year)
- Total Under Contract: 2,637 (Down -.10.9% from last year)
- List To Sold Price Ratio: 100.1% (Up +0.5% from last year)
- Days on the Market: 22 Days (Down -22.4% from last year)
The Colorado Spring's Spring Real Estate Market is Still Crazy!
In our market, homebuyers are struggling to get homes under contract and to the closing table. This is a crucial time to choose a great REALTOR to work with, and there are some really good ones in this city. They'll help you safely navigate this crazy real estate market to find your next home.
If you have any questions about buying or selling a home, please let us know. We're here to help whenever you need us. :)
These numbers cover all of Colorado Springs, CO and the surrounding areas, including Black Forest, Broadmoor, Briargate, Divide, Florissant, Fountain, Falcon, Gleneagle, Larkspur, Lake George, Manitou 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!
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