The Colorado Springs Real Estate Market Report for September 2018
The Bottom line:
September showed a 15.7% drop in sales, which is the largest drop since 2007. At the same time, our median sales price increased by 10%. Our local real estate market appears to be shifting.
Let's take a look at the September 2018 real estate market for Colorado Springs:
September 2018 Colorado Springs Real Estate Statistics
- New Listings: 1,517 (Up +5.0% from last year)
- Sold Listings: 1,273 (Down -15.7% from last year)
- Total Active Listings: 2,449 (Up +12.5% from last year)
- Median Sales Price: $305,750 (Up +10.1% from last year)
- List To Sold Price Ratio: 99.4% (SAME as last year)
- Days on the Market: 27 Days (Up 3.8% from last year)
The Colorado Spring's Real Estate Market Appears To Be Shifting.
We have had a lower number of sales in the Pike's Peak area for 9 out of the last 10 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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