The Colorado Springs Real Estate Market for June, 2015
According to the new data released by the Pikes Peak Association of REALTORS®, the Colorado Springs real estate market is steadily selling inventory, while also gaining more home buyers, following the same trends from previous months.
We had 22% more homes under contract than this time last year. We also have 25% fewer listings than this time last year. This means the market is still favoring sellers right now.
Let's take a look at the June 2015 real estate market numbers for Colorado Springs:
June 2015 Colorado Springs Real Estate Statistics
- New Listings: 1,881 (Down +3.6% from last year)
- Sold Listings: 1,401 (Up +17.5% from last year)
- Total Active Listings: 3,173 (Down +25.0% from last year)
- Median Sales Price: $250,000 (Up +5.5% from last year)
- Total Under Contract: 2,446 (Up +22.3% from last year)
- List To Sold Price Ratio: 99.1% (Up +0.8% from last year)
- Days on the Market: 71 Days (Down 12% from last year)
Home Prices Are Steadily Rising!
Homes are selling fast in Colorado Springs, and that's causing prices to rise each month. Home values are up by over 5.5% from this time last year. This price increase is starting to slow down from last month and will most likely taper off soon as we start to head into the Winter 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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