Welcome to Living Colorado Springs!
We saw the first increase in inventory since April 2020, and before that it was April 2019! The active inventory is up 15.1% over last year at 1,146 homes for sale. The months-supply is sitting at 0.65 or just under 20 days.
As we start to see a little more inventory come on market, buyers will start to have more options, easing the competition ever so slightly on home buyers.
However, things are still pretty competitive as the median time on market is only 4 days! Plus, we are still seeing double-digit price appreciation. We had a median sold price of $440,000 last month, up 14.3% from last year. The average is sitting just below the $500k threshold at $498,004 (up 15.5% year-over-year).
Home sales were down slight at 2.6% from last September at 1,758 homes sold. Pending sales are sitting at 2,149 homes as of October 1st.
So what does all that mean for you as a seller? List your home with us now, and we’ll likely have it under contract in a week or less.
What does all this mean for buyers? A glimpse of hope is here, with more listings coming this year versus last. Still, plan on writing many offers over the course of several weeks before you win one.
Check out Colorado Springs Real Estate Market Conditions as of October 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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