Welcome to Living Colorado Springs!
The real estate market conditions for Colorado Springs continue to show double-digit price increases for both the median and average sold price (year over year). High demand and lack of supply continue to push prices upward in our area. However, our supply is slowly but surely increasing. As of this morning, 8/2 , there are 999 homes for sale in the Pikes Peak Region. The median price hit a high of $450,000 last month, up 19.4%. The average price remained just above the $500k threshold at $500,430 (up 17.0%).
The inventory remains seriously low, but does show a slight reprieve for the first time in months. As of August 2nd, there are 999 homes for sale in the entire Pikes Peak Region. Last month we has a 0.43 month supply of homes and this month we have a 0.54 month supply of homes. While the difference is roughly 3 days, it is the first time we've had over 790 homes for sale since September 2020! There may be a light a light at the end of the tunnel for some buyers, even if it's tiny.
Home sales were up down 6.8% from last July at 1,844 homes sold. Pending sales are sitting at 2,417 homes as of August 2nd.
Check out Colorado Springs Real Estate Market Conditions as of August 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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