The Colorado Springs Real Estate Market Insider Report: October 2019
The Bottom line:
Last year, the 4th quarter was a rough time for our national housing market, as interest rates rose to 5%. This year, our 4th quarter is shaping up to be strong.
Let's take a look at the October 2019 real estate market for Colorado Springs:
October 2019 Colorado Springs Real Estate Statistics
- New Listings: 1,467 (Up +8.7% from last year)
- Sold Listings: 1,448 (Down +9.7% from last year)
- Total Active Listings: 1,940 (Down -18.3% from last year)
- Median Sales Price: $335,000 (Up +9.8% from last year)
- List To Sold Price Ratio: 99.5% (Up +0.1% from last year)
- Days on the Market: 29 Days (Down -6.6% from last year)
The Colorado Spring's Real Estate Market Is Finishing the Year Strong!
Colorado Springs is experiencing its typical seasonal slow down for the Winter months. Overall, our local real estate market is doing great. We've been on a steady 10 year price increase and it doesn't appear to be slowing down anytime soon. It's still a sellers market in most neighborhoods and areas.
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®.
Based on information from the Pikes Peak REALTOR® Services Corp. ("RSC"), for the period October 1, 2019 through October 31, 2019. RSC does not guarantee or is in any way responsible for its accuracy. Data maintained by RSC may not reflect all real estate activity in the market.
Click any of the links below to view the newest listed homes within that criteria.
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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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