Real estate stats for Colorado Springs broke another price record for a March month!
The median price was up 11.9% at $352,400 and the average price was up 11.3% at $390,722 for March for the Pikes Peak Region.
Despite the uncertainty with the Coronavirus, real estate has been deemed essential. We remain busy helping our clients, while also taking added precautions. Even though many are worried that way may see another 2008 housing crisis, historically, events like this (pandemic) tend to have an immediate but short-term effect on the economy as a whole. This too, shall pass.
The overall real estate market in Colorado Springs continues to struggle with a lack of inventory. There is only a 1.05 month supply of homes in the entire Pikes Peak Region. This is even less if you are looking for a home with a Colorado Springs mailing address.
To see more detailed information on the real estate market, check out our Market Conditions page
To see homes for sale in Colorado Springs, visit our Featured Listings page
Make sure to check back every month to see the real estate stats for Colorado Springs!
Please give us a call, we would love to help! If you are worried about how COVID-19 may affect real estate in our area, please give us a call so we can answer your questions!
Rick Van Wieren (719) 331-7675
Mary Barkley (719) 421-9360