The Colorado Springs Real Estate Market Report for October, 2015
We had 12.2% more homes sold than this time last year. There are also 16.2% fewer listings on the market than this time last year. This is keeping home values steady and causing our market to sell homes fast when they are priced right.
Let's take a look at the October 2015 real estate market numbers for Colorado Springs:
October 2015 Colorado Springs Real Estate Statistics
- New Listings: 1,197 (Up +0.9% from last year)
- Sold Listings: 1,107 (Up +12.2% from last year)
- Total Active Listings: 2,936 (Down -16.2% from last year)
- Median Sales Price: $234,000 (Up +4.3% from last year)
- Total Under Contract: 1,199 (Up +14.5% from last year)
- List To Sold Price Ratio: 98.7% (Up +0.8% from last year)
- Days on the Market: 71 Days (Down 19.4% from last year)
The Colorado Springs Real Estate Market is Strong!
October was another busy month for Colorado Springs real estate sales. As we get ready for the predictable winter slow down, our local real estate market is still up by 12% 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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