The Colorado Springs Real Estate Market Report for May 2018
According to the new data released by the Pikes Peak Association of REALTORS® for May 2018, the Colorado Springs real estate market is showing signs of a possible slow down.
The Bottom line:
Our local real estate market seems to be speeding up and slowing down at the same time. We had 4% fewer homes sold this May, in comparison to last year. We also had an 11.7% Median Home Price increase over last year. Sales are slowing while home prices are still rising.
Let's take a look at the May 2018 real estate market for Colorado Springs:
May 2018 Colorado Springs Real Estate Statistics
- New Listings: 2,030 (Up +1.3% from last year)
- Sold Listings: