Welcome to Living Colorado Springs!
Last month was an interesting month for real estate in the Pikes Peak Region! We have a new record median price at $487,000 which is an increase of 12.7% from last May. The average price of $554,013 did not break records, but it did show an increase of 13.2% from last year.
The most interesting statistic is our significant increase in inventory. As of June 1st, we have 1,355 homes for sale. This is a much needed increase in inventory for our buyers. In fact, the inventory level is up over 132.4% from last May! While we do have a lot more homes for sale, we are still selling quite a few homes. Our months-supply is still under one month, sitting at 0.8 months or roughly 24 days.
Needless to say, things are not slowing down. It is important to note that interest rates are rising along with home prices. This can have a major impact on a buyer's purchasing power, so don't delay too long if you are thinking about buying.
Check out Colorado Springs Real Estate Market Conditions as of June 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 email@example.com. Come back and visit often!
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