September 2016 Colorado Springs Real Estate Statistics

Posted by Andrew Fortune on Tuesday, October 11th, 2016 at 8:31am. 2,878 Views

September 2016 Colorado Springs Real Estate Market Report

 


The Colorado Springs Real Estate Market Report for September 2016

According to the new data released by the Pikes Peak Association of REALTORS® for September 2016, the Colorado Springs real estate market is showing signs of slowing down for the Fall, but is still very busy.

The Bottom line:

September had similar numbers to August. The biggest change is the homes under contract for September. We had 21% more homes under contract this September, versus last September.

Let's take a look at the September 2016 real estate market numbers for Colorado Springs:

September 2016 Colorado Springs Real Estate Statistics

  • New Listings: 1,395 (Up +.0.4% from last year)
  • Sold Listings: 1,381 (Up +4.8% from last year)
  • Total Active Listings: 2,443 (Down -24.1% from last year)
  • Median Sales Price: $264,000 (Up +9.1% from last year)
  • Total Under Contract: 2,680 (Up +21.9% from last year)
  • List To Sold Price Ratio: 99.4% (Up +0.8% from last year)
  • Days on the Market: 28 Days (Down 50% from last year)

The Colorado Springs Real Estate Market is Going Strong!

September is showing a predictable drop in sales as we are moving into the Winter months. This is one of the first months where we had a similar amount of homes sell versus new listings. We need more months like this to help our low housing inventory balance out.

These numbers cover all of Colorado Springs, CO and the surrounding areas, including Black Forest, Broadmoor, Briargate, Divide, FlorissantFountain, Falcon, Gleneagle, Larkspur, Lake GeorgeManitou Springs, Monument, Northgate, Old Colorado City, Palmer Lake, Peyton, Powers, Rockrimmon, Security, Tri-Lakes, Widefield, Woodland Park, and Woodmoor areas.

 

August 2016 Colorado Springs Real Estate Statistics for July 2016

 


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Andrew FortuneHi There! I'm 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 leave a comment in the message box below, or to share this article on social media 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 contact me anytime at andrew@greatcoloradohomes.com.



 

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6 Responses to "September 2016 Colorado Springs Real Estate Statistics"

Shannon wrote: I'm glad to see the Colorado Springs housing market booming again! Thanks for sharing :)

Posted on Wednesday, October 12th, 2016 at 5:52am.

Gabe Sanders wrote: Great information about the Colorado Springs real estate market. Good to see a strong and healthy one.

Posted on Saturday, October 22nd, 2016 at 9:28am.

Gabe Sanders wrote: The Colorado Springs real estate market looks quite strong based on your excellent report.

Posted on Saturday, November 5th, 2016 at 9:13am.

Randy Okeefe wrote: Im optimistic and a little skeptical at the same time. How long do you think the market will continue to soar? Is this sustainable or are we due for market correction soon?

Thanks for sharing these stats

Posted on Monday, November 7th, 2016 at 2:37pm.

Emily Decker wrote: It's great that Colorado Spring's property market is boosting again. The way you represent the report is quite amazing as well...

Posted on Thursday, December 1st, 2016 at 12:50am.

Joy Peter wrote: Great information! Happy to know about Colorado Springs. :)

Posted on Monday, January 2nd, 2017 at 8:11am.

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