The Colorado Springs Real Estate Market for March, 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 the end of 2014. Let's take a look at the March 2015 real estate market numbers for Colorado Springs:
March 2015 Colorado Springs Real Estate Statistics
- New Listings: 1,623 (Up +1.8% from last year)
- Sold Listings: 1009 (Up +21.3% from last year)
- Total Active Listings: 2,538 (No Data from last year)
- Median Sales Price: $225,000 (Up +7.1% from last year)
- Total Under Contract: 2,257 (No Data from last year)
- List To Sold Price Ratio: 98.5% (Almost the same as last year)
- Days on the Market: 99 Days (Down -8.4% from last year)
It's Becoming a Strong Sellers Market!
We had 21% more sold listings last month, than in March of 2014. We also had 1.8% more new listings last month, than in March of last year. That means that many more houses are selling than are being listed. This is the 3rd straight month of more sales than new listings, which is slowly depleting our housing inventory. This will most likely push us into a strong sellers market for this summer, which may also cause home values to rise. Our local market is slowly starting to match the seller's market that Denver has been experiencing for the last year, or more. If you've been thinking about selling your home, now's the time to get it listed before the busy summer real estate market hits. CLICK HERE, or on the image below to check out our home selling promotion for this month.
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.
As always, if you have any specific questions about the market or if you need help buying and/or selling real estate in the Colorado Springs area, let us know; we would love to hear from you.
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