April 2023 Colorado Springs real estate statistics: April 2023 was a slow month. Prices remained essentially flat from March, and actually declined 5.3% from 2022.
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Category: Real Estate Stats
January 2023 Colorado Springs real estate statistics: Home sales were slow, but prices stayed consistent. The average price was up 6.1%, and the median home price was flat at $445,000. Homes fetched an average of 98.2% of asking price, and the average days on market was up to 50 days.
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December 2022 Colorado Springs real estate statistics: The December real estate market was slow. How slow? December of 2022 will be remembered as one of the slowest months in recent memory.
Prices fell a bit; the median down 2.0% from last year, and the average down 3.0%. The median sale price was 99.8%, showing prices are still holding firm. Homes are still selling for pretty close to asking price.
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November 2022 Colorado Springs real estate statistics: Inventory seems to have reached its summit, with current inventory at 2,424 homes for sale. Our one month supply is now at 78 days. Inventory is up 182.5% from last year, offering more choices for buyers and competition for sellers. Instead of falling, prices continue to rise, increasing at a much more moderate pace
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October 2022 Colorado Springs real estate statistics: Here is a brief summary of some of the October data:
- Sales down 33.0% at 1,100 units
- Average price up 4.3% at $532,006
- Median price up 4.3% at $465,000
- Inventory of unsold homes up 150.5% at 2,648 homes
- Months supply of homes for sale 2.41
- Pending Sales 1,323
September 2022 Colorado Springs real estate statistics: For the 4th month, inventory has increased, with 2,689 homes for sale. However, we have roughly the same number of homes for sale as we did last month. Other big takeaways are: Prices are still increasing; Median time on market is only 17 days; Inventory level is holding pretty steady.
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August 2022 Colorado Springs real estate statistics: While sales have slowed some since spring, and the inventory is at a several year high, prices have held strong.
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July 2022 Colorado Springs real estate statistics: Increase in inventory has defined our local real estate market over the last year, and it hasn’t slowed down. July’s median home price is 11% higher than last July. There are no signs of a housing market crash in Colorado Springs, but a shift is happening. Even with interest rates rising, housing prices are increasing in the Pikes Peak region. The home inventory is finally enough to meet the demand for single-family homes in Colorado Springs, a relief to buyers.
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June 2022 Colorado Springs real estate statistics: The most significant statistic is the increase in inventory. This is the first month we are seeing over 2,000 homes for sale since the start of the pandemic, a relief to our market’s buyers. It is important to note that this inventory level is similar to the levels in 2019 & 2019, so the PPAR market is getting back to normal levels.
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May 2022 Colorado Springs real estate statistics: The main takeaways from last month are: homes sold for 3.1% over list price on average; median time on market is only 4 days; inventory is up quite a bit at 1,355 homes for sale.
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