Market Conditions

During July 2020, while in the midst of the COVID pandemic, we broke every all time record you can think of for our market. Record sales for a single month (1,978, up 19% from last year and 13.5% over the previous record), record average price ($427,593, up 14.8% from last year and up 6.4% over just last month!) and record median price ($377,000, up 13.6% from last year and up 4.7% over just last month!). The inventory of unsold homes (only 1,500 homes, down 31.8% from last year) was only a 3 week supply, the lowest level we’ve ever seen.

Colorado Springs was recently called out as a number 1 market to watch
Colorado Springs was recently ranked the #2 best place to live in the US by US News and World report, a reminder that upward pressure may continue for some time on our market.


Here is a brief summary of some of the July data:

  • Sales up 19.0% at 1,978 units
  • Average price up 14.8% at $427,593
  • Median price up 13.6% at $377,000
  • Inventory of unsold homes down 31.8% at 1,500 homes
  • Months supply of homes for sale 0.76
  • Pending Sales 2,476

For more details, see the Colorado Springs Homes Sales Trend Data


July 2020 Colorado Springs Real Estate Statistics

“Based on information from the Pikes Peak REALTOR Services Corp. (“RSC”), for the period 7/1/20 through 7/31/20. RSC does not guarantee or is in any way responsible for its accuracy. Data maintained by RSC may not reflect all real estate activity in the market.” Copyright © 2020 REALTOR® Services Corp. Questions about this data analysis should be directed to Rick Van Wieren, RE/MAX Properties, Inc, 1740 Chapel Hills Dr, Colorado Springs, CO 80920 ph 719-331-7675 or email rick@ricksellscolorado.com

Updated as of 8/3/2020

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