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January 2016 Colorado Springs Real Estate Statistics

January 2016 Colorado Springs Real Estate Statistics

 


The Colorado Springs Real Estate Market Report for January 2016

According to the new data released by the Pikes Peak Association of REALTORS®, the Colorado Springs real estate market is showing signs that 2016 is going to be even more aggressive than 2015 was.

The Bottom line:

This is the first time in several months that we have seen more homes come on the market than sold. Hopefully, this is an indicator of a much-needed boost to our housing inventory.

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

January 2016 Colorado Springs Real Estate Statistics

  • New Listings: 1113 (Up +34.7% from last year)
  • Sold Listings: 849 (Up +25.1% from last year)
  • Total Active Listings: 1,923 (Down -22.2% from last year)
  • Median Sales Price: $237,000 (Up +1.8% from last year)
  • Total Under Contract: 1,981 (Up +14.5% from last year)
  • List To Sold Price Ratio: 98.7% (Up +0.6% from last year)
  • Days on the Market: 60 Days (Down 43.4% from last year)

The Colorado Springs Real Estate Market is Strong!

January is usually the slowest month for real estate sales in Colorado Springs, but it was still 25% busier than this time last year. We are finally starting to see an increase in new listings by 34% over last year. This is very good news for homebuyers who have been struggling to find the right house because there have been so few homes on the market. Our hope is that this is an indicator of a more balanced market as we move into 2016.

January 2016 Colorado Springs Real Estate Market Report

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

 

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.


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