Sales Statistics

Sales Statistics

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Colorado Springs by the Numbers

Many thanks to Empire Title for crunching the numbers for buyers and sellers in Colorado Springs.  As you can see from the chart to the left, the price range for the most homes sold in Nov 2017 is between $180,000 and $300,000.  We have seen multiple offers in this price range, and very short time on market. The average sales price has also increased to $317,368.

 

Three months inventory is considered an equal market.  Less than 3 months is a sellers market, and more than 3 months is a buyers market.  It is definitely a sellers market in homes priced under $500,000.  We are seeing multiple offers, above asking price offers, and more cash offers!  The very high end market home sales are improving, with 7-18 months worth of inventory. 

 

 

 

 

 

 

The numbers are telling when compared year to year.  Nov 2017 year to date statistics show housing sales have increased 2.2%, and home prices have increased over 9.6%!  Inventory has decreased 26.9% from this time last year.  The decreased inventory is sending prices upward.  Interest rates are still great, but the Federal Reserve keeps hinting at an increase in interest rates. 

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Contact Information

Photo of Cindy Grey Real Estate
Cindy Grey
Broadmoor Bluffs Realty
4729 Opus Drive
Colorado Springs CO 80906
Mobile: (719)210-8029
Office: (719)579-9211
Fax: (719)-579-9212