Welcome to Living Colorado Springs!
The real estate market conditions for Colorado Springs continues to struggle with a lack of inventory. However, this was the first month in a year (since August 2020) that we have had over 1,000 active homes for sale in our area. While this may sound like a lot, it's actually only a 0.54-month supply of homes, or roughly 16 days. Because there aren't many homes to choose from, buyers are offering over asking price on a lot of homes and bidding wars continue.
We are still seeing double-digit price increases for both the median and average sold price (year over year). We had a median sold price of $450,000 last month, up 18.4 from last year%. The average price dropped just below the $500k threshold at $499,278 (up 14.5%).
Home sales were up up 5.6% from last August at 1,870 homes sold. making it the second highest month on record in terms of sales! Pending sales are sitting at 2,317 homes as of September 1st.
Check out Colorado Springs Real Estate Market Conditions as of September 1.
Do you like to search for homes on your own? There is a search facility that allows us to set up pre-selected searches to help you get started, in addition to being map based and allowing searches for things as specific as floor plans or school districts. Search for homes here.
We specialize in providing quality service to our clients, whether buying or selling. We are experienced relocation professionals with extensive military knowledge and experience. We service Colorado Springs and surrounding areas, as well as Fort Carson, Schriever AFB, Peterson AFB, USAFA, and Cheyenne Mountain. We salute our brave men and women in the military.
The purpose of this site is to provide complete relocation, real estate, living and home buying information for Colorado Springs, Colorado. There is lot’s of information here, so please check the pull down menu buttons across the top of the page, the blog (which deals a lot with what living in Colorado Springs is really like) and Facebook feed on the right sidebar. We’ve got links for about everything you need for living in Colorado Springs, and adding more all the time.
We’re constantly adding more information to this site, so if you have problems, suggestions or questions, please call or text me (Rick Van Wieren, RE/MAX Properties Inc) at 719-331-7675 or email at firstname.lastname@example.org. Come back and visit often!
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