The Colorado Springs Real Estate Market Report for July 2018
The Bottom line:
The Seller's Market trend of the past few years appears to be cooling off. Year-over-year homes sales are dropping slightly and our typical sales price increases are slowing down.
Let's take a look at the July 2018 real estate market for Colorado Springs:
July 2018 Colorado Springs Real Estate Statistics
- New Listings: 1,884 (Down +3.1% from last year)
- Sold Listings: 1,592 (Down -3.3% from last year)
- Total Active Listings: 2,385 (Up +0.8% from last year)
- Median Sales Price: $310,000 (Up +8.1% from last year)
- List To Sold Price Ratio: 100.0% (Down +0.1% from last year)
- Days on the Market: 22 Days (Same as last year)
The Colorado Spring's Real Estate Market Appears To Be Shifting.
We have had a lower number of sales in the Pike's Peak area for 6 out of the last 7 months. It's 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. You can CLICK HERE to meet our REALTOR®.
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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