Colorado Springs Blog

September 2021 Colorado Springs Real Estate Statistics

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September 2021 Colorado Springs real estate statistics: The real estate market conditions for the Colorado Springs area show a slight swing toward a buyers’ market. Inventory increased for the first time since April 2020. The active inventory is up 15.1% over last year, with 1,146 homes for sale. Competition for homes will ease as more inventory comes on market, although the median time on market is still only 4 days, and prices are still increasing by double digits. The average sales price is just below the $500k threshold, at $498,004. Home sales are down 2.6%, and pending sales are at 2,149 homes. Continue reading →
August 2021 Colorado Springs Real Estate Statistics
August 2021 Colorado Springs real estate statistics:

First month since August 2020 that over 1,000 active homes were for sale, only a 16-day supply of homes. Because there aren’t many homes to choose from, buyers are offering over asking price, and bidding wars continue. Homes sold for 2.7% above asking price in August. Double-digit price increases continue, with a median sold price of $450,000, up 18.4% from last year. The average price dropped just below the $500k threshold at $499,278, up 14.5%.

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As property managers, we are out there in the real world dealing with all kinds of people, so we’ve all handled interesting situations. With one look at the Internet, you’ll see plenty of renting horror stories and funny memes. Ours is a heart-warming story about how the folks in our property management office came together to make the world just a little bit better.

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May 2021 Colorado Springs Real Estate Statistics
May 2021 Colorado Springs real estate statistics:

Colorado Springs has a strong seller’s market right now. Colorado Springs is in the strongest seller’s market ever. Only 582 homes were up for sale in April 2021, half of the 1,546 homes for sale in April 2020. Covid, cost of lumber, and low builder inventory have bottomed out inventory. Homebuyers are even skipping the home inspection process to get a home under contract.

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April 2021 Colorado Springs Real Estate Statistics
April 2021 Colorado Springs real estate statistics:

Again in April, there were record-breaking climbs for home sales prices. High demand and low inventory are still pushing prices up. The median price hit a high of $425,000, up 18.1%. The average price increased 22.8%, to a record high of $481,857. Our low inventory remains at only 568 homes for sale in the entire Pikes Peak Region.

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