August 2016 Colorado Springs Real Estate Statistics

August 2016 Colorado Springs Real Estate Statistics for July 2016


The Colorado Springs Real Estate Market Report for August 2016

According to the new data released by the Pikes Peak Association of REALTORS® for August 2016, the Colorado Springs real estate market is showing signs of slowing down for the Fall but is still very busy.

The Bottom line:

August had similar numbers to July. The biggest number is the median home value for August was almost 10% higher than the previous year. 10% is a huge jump for the median home price in one year.

Let's take a look at the August 2016 real estate market numbers for Colorado Springs:

August 2016 Colorado Springs Real Estate Statistics

  • New Listings: 1,595 (Up +.0.3% from last year)
  • Sold Listings: 1,452 (Up +4.8% from last year)
  • Total Active Listings: 2,660 (Down -21.53% from last year)
  • Median Sales Price: $265,500 (Up +8.9% from last year)
  • Total Under Contract: 2,826 (Up +18.9% from last year)
  • List To Sold Price Ratio: 99.4% (Up +0.8% from last year)
  • Days on the Market: 28 Days (Down 61% from last year)

The Colorado Springs Real Estate Market is Going Strong!

August is showing a predictable drop in sales as we are at the end of Summer. Our inventory is still very low though, which is causing the median home sale price to keep rising. We need more homes on the market to meet the extreme buyer demand!

August 2016 Colorado Springs Real Estate Market Report


These numbers cover all of Colorado Springs, CO and the surrounding areas, including Black Forest, Broadmoor, Briargate, Divide, Florissant, Fountain, Falcon, Gleneagle, Larkspur, Lake George, Manitou Springs, Monument, Northgate, Old Colorado City, Palmer Lake, Peyton, Powers, Rockrimmon, Security, Tri-Lakes, Widefield, Woodland Park, and Woodmoor areas.


August 2016 Colorado Springs Real Estate Statistics for July 2016


Andrew Fortune

Hi! I'm Andrew Fortune, the founder of Great Colorado Homes and the creator of much of the content on this website. Thanks for taking the time to read this article. Please feel free to share this article with someone who might benefit from it. I appreciate your time here on this site and am always open to suggestions and ideas from our readers.

Our Most Recent Blog Posts:

  • 22 Things to Know Before Moving to Colorado Springs

    🧐 Here's a list of 22 things you need to know before moving to Colorado Springs, CO.

  • Steps to Take Before Listing Your House for Sale

    👉This is a great resource that offers critical steps for home sellers before listing their home for sale.

  • August 2020 Colorado Springs Real Estate Market Report

    🔥Newest MARKET INSIDER - Quick, easy-to-follow info with last month's stats from our local MLS data.

  • Pineries Open Space Trail

    ❤️ Thank you El Paso County for opening this wonderful new 8.5-mile trail in Black Forest.

  • How Do Colorado Water Rights Affect Real Estate?

    💧If you're buying a home on acreage, please read through this.

  • 12 Best Neighborhoods in Colorado Springs

    🏠 Ready to explore Colorado Springs? Check out these 12 neighborhoods that we absolutely love. Logo

Colorado Springs Real Estate Blog

Try Our Custom Home Search Tool

With more search options than any other local website.

Explore Local Areas

Here's a quick list of homes for sale in all the local areas and neighborhoods.

Meet our REALTORS®

Meet some of the best REALTORS® in Colorado Springs and Woodland Park.