The Colorado Springs Real Estate Market Report for May 2018
The Bottom line:
Our local real estate market seems to be speeding up and slowing down at the same time. We had 4% fewer homes sold this May, in comparison to last year. We also had an 11.7% Median Home Price increase over last year. Sales are slowing while home prices are still rising.
Let's take a look at the May 2018 real estate market for Colorado Springs:
May 2018 Colorado Springs Real Estate Statistics
- New Listings: 2,030 (Up +1.3% from last year)
- Sold Listings: 1,568 (Down -4.0% from last year)
- Total Active Listings: 1,885 (Up -1.3% from last year)
- Median Sales Price: $317,250 (Up +11.7% from last year)
- List To Sold Price Ratio: 100.5% (Up +0.1% from last year)
- Days on the Market: 22 Days (Down -26.0% from last year)
The Colorado Spring's Real Estate Market is heating up for Summer!
As the market starts to heat up for Summer, there will be many multiple-offer situations and crazy competition from other home buyers. 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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