Welcome to Living Colorado Springs!
Last month was an interesting month for real estate market conditions in Colorado Springs!
Inventory levels seem to have reached their peak, with the current inventory at 2,424 homes for sale as of 12/1. Our months-supply is now at 2.59 months or roughly 78 days. Inventory is up 182.5% from last November, giving buyers more choices than they've had in years but also more competition for sellers.
Prices have not fallen-- in fact the average and median prices continue to rise year-over-year. However, prices are increasing at a much more moderate pace, The average price increased 3.6% to $525,635 from last November. The median price increased 0.7% to $453,000. We have seen some price reductions, but overall, homes are still selling for pretty close to asking price. In fact, homes are selling for 98.3% of asking price on average. We don't have as many homes pending sale as last year, but we are also in the holiday months where things typically start to slow.
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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