The Colorado Springs Real Estate Market for May, 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 have 15% more home under contract than this time last year. We also have 28% fewer listings than this time last year. This is creating a very strong sellers market and causing prices to rise every month!
Let's take a look at the May 2015 real estate market numbers for Colorado Springs:
May 2015 Colorado Springs Real Estate Statistics
- New Listings: 1,839 (Down -2.5% from last year)
- Sold Listings: 1,397 (Up +24.3% from last year)
- Total Active Listings: 2,889 (Down +27.9% from last year)
- Median Sales Price: $243,000 (Up +12.4% from last year)
- Total Under Contract: 2,631 (Up +14.6% from last year)
- List To Sold Price Ratio: 98.9% (Up +1.0% from last year)
- Days on the Market: 74 Days (Down 0.7% 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 12% from this time last year. That's a HUGE increase! It's an excellent time to sell your home. 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 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.
Here's How We Can Sell Your House For Top Dollar:
Hi! I'm Andrew Fortune, the founder of Great Colorado Homes and the creator of much of the content on this website. Thanks for taking the time to read this article. Please feel free to share this article with someone who might benefit from it. I appreciate your time here on this site and am always open to suggestions and ideas from our readers. Feel free to leave a comment in the box below.
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