Market Conditions

January home sales in Colorado Springs were strong, 3.3% from last year, at 938 units. Sellers were all smiles, with the average price up 11.4% at $332,675 and the median up 11.3% at $295,000. The months supply of homes for sale is only 1.31, a strong indication that sales levels were held back by lack of inventory. The rest of 2018 looks to be more of the same, with tight inventory putting a slight damper on what otherwise would be considered a boom year. With half of the sales in January being on market less than 15 days, the pace is a little hard on buyers at the moment. Being prepared with a loan pre-approval and being willing to pay above the asking price in some cases is paramount for buyer success.

Here is a brief summary of some of the January data:

  • Sales up 3.3% at 938 units
  • Average price up 11.4% at $332,675
  • Median price up 11.3% at $295,000
  • Inventory of unsold homes down 8% at 1,225 homes (record low)
  • Months supply of homes for sale 1.31
  • Pending Sales 1,567 (down 2.5% from last year at this time)

For more details, see the Colorado Springs Homes Sales Trend Data

“Based on information from the Pikes Peak REALTOR Services Corp. (“RSC”), for the period 1/1/05 through 1/31/18 . RSC does not guarantee or is in any way responsible for its accuracy. Data maintained by RSC may not reflect all real estate activity in the market.” Copyright © 2017 REALTOR® Services Corp. Questions about this data analysis should be directed to Rick Van Wieren, RE/MAX Properties, Inc, 1740 Chapel Hills Dr, Colorado Springs, CO 80920 ph 719-331-7675 or email

Updated as of 2/2/2018

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