The Colorado Springs Real Estate Market Report for November 2017
The Bottom line:
As we enter the Winter months, we typically see a 40% slow down in comparison to the busy Summer months. This is reflective in this months numbers, but we are still seeing record sales as compared to previous years. We still have low inventory and rising home prices.
Let's take a look at the November 2017 real estate market for Colorado Springs:
November 2017 Colorado Springs Real Estate Statistics
- New Listings: 1,080 (Up +14.7% from last year)
- Sold Listings: 1,255 (Up +4.8% from last year)
- Total Active Listings: 1,643 (Down -15.0% from last year)
- Median Sales Price: $280,000 (Up +8.4% from last year)
- Total Under Contract: 1,896 (Down -16.3% from last year)
- List To Sold Price Ratio: 99.4% (Down -0.3% from last year)
- Days on the Market: 33 Days (Down -15.4% from last year)
The Colorado Spring's Real Estate Market has Slowed Down for Winter!
This is a predictable time of the year for the Colorado Springs real estate market. We typically sell twice as many homes in the Summer as in the Winter. 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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