The Colorado Springs Real Estate Market Report for November, 2015
Our Days on the Market is down to 59 days, which is the lowest that it has been in years. This is due to a steady increase in home sales for the past year, while our inventory has slowly depleted. Fortunately, this is also the first month in a long time where we have had more homes listed than in the same time a year ago, so we should start to balance out by Spring if the numbers continue in this direction.
Let's take a look at the November 2015 real estate market numbers for Colorado Springs:
November 2015 Colorado Springs Real Estate Statistics
- New Listings: 904 (Up +13.4% from last year)
- Sold Listings: 815 (Up +4.1% from last year)
- Total Active Listings: 2,763 (Down -11.9% from last year)
- Median Sales Price: $237,500 (Up +8.8% from last year)
- Total Under Contract: 1,971 (Up +17.4% from last year)
- List To Sold Price Ratio: 98.6% (Up +0.8% from last year)
- Days on the Market: 59 Days (Down 39.6% from last year)
The Colorado Springs Real Estate Market is Strong!
November was another busy month for Colorado Springs real estate sales. As we get ready for the predictable winter slow down, our median home values are still up by 8.8% over this time last year. The strong sellers market is still lingering from this past summer as our inventory is not increasing to keep up with the rate of sold homes. For this reason, many predict that next year is going to be an even busier year for home sales than 2015.
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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