The Colorado Springs Real Estate Market Insider Report for October 2018
The Bottom line:
October showed another drop in sales while our median sales price still increased by 8%. As sales continue to drop, the prices of homes will eventually drop as well. We are currently in the middle of a market shift from a seller's market to a buyer's market.
Let's take a look at the October 2018 real estate market for Colorado Springs:
October 2018 Colorado Springs Real Estate Statistics
- New Listings: 1,439 (Up +2.2% from last year)
- Sold Listings: 1,320 (Down -7.7% from last year)
- Total Active Listings: 2,374 (Up +18.4% from last year)
- Median Sales Price: $305,000 (Up +8.1% from last year)
- List To Sold Price Ratio: 99.4% (SAME as last year)
- Days on the Market: 31 Days (Up 6.5% from last year)
The Colorado Spring's Real Estate Market Is Shifting.
We have had a lower number of sales in the Pike's Peak area for 10 out of the last 11 months. 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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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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